The 2009
General Motors Chapter 11 sale of the assets of automobile manufacturer
General Motors and some of its
subsidiaries was implemented through section 363 of
Chapter 11, Title 11, United States Code in the
United States bankruptcy court for the
Southern District of New York. The United States government-endorsed sale enabled the NGMCO Inc. ("New GM") to purchase the continuing operational assets of the old GM. Normal operations, including employee compensation, warranties, and other customer service were uninterrupted during the bankruptcy proceedings. Operations outside of the United States were not included in the court filing.