Question: Review the General Motors bankruptcy that occurred during 2009. What type of bankruptcy was it (what Chapter) and what kinds of decisions went into the bankruptcy declaration? How did the creditors of GM and workers and related businesses at GM fare in the bankruptcy process? What do you think were the positives and negatives of this bankruptcy? Use examples of other business bankruptcies for comparison. Additionally, discuss whether you believe that there is a "moral hazard" in allowing companies that make bad business decisions to survive through a bankruptcy?