What about all of the Tier suppliers, contract suppliers (non-automotive parts) and contract service vendors? They were owed millions prior to the filing. Went to Bankruptcy court and received (over a lengthy period) pennies on their owed dollars. GM and (you forgot the other biggie) Chrysler NEVER had to liquidate anything. The suppliers and vendors took it on the chin (or wallet).
Bailout my azz. This was a pullout. After they phucked countless companies. Many never recovered and closed their doors.
Here is closing chapter to this fiasco------GM and Chrysler in some cases did not even go back to those companies and continue a business relationship!!! Double screw job.
How do I know these things? Live and work in the Detroit metro area and directly linked to that industry.