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University of Iowa News Release


June 1, 2009

VIDEO: Erik Lie Research Suggests Bankruptcy Won't Help GM Much

New research by Erik Lie, a finance professor in the Tippie College of Business, suggests today's bankruptcy filing by General Motors will be of little help to the company's long-term prospects. In this video, he explains that his study shows most companies declaring Chapter 11 bankruptcy emerge too soon and with too much debt to remain competitive with their peer companies.

STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500

MEDIA CONTACT: Tom Snee, 319-384-0010,