(EMAILWIRE.COM, June 02, 2009 ) FAIRLESS HILLS, Pa. -- June 2, 2009 -- Bankruptcy Creditors' Service, Inc., published Issue No. 2 of GENERAL MOTORS BANKRUPTCY NEWS today. The 58-page newsletter contains stories with these headlines:

[00016] GM SEEKS TO SELL ASSETS TO U.S. TREASURY-BACKED COMPANY
[00017] DEBTORS' MOTION TO OBTAIN $33.3-BIL. DIP LOAN
[00018] DEBTORS' MOTION FOR AUTHORITY TO USE CASH COLLATERAL
[00019] DEBTORS' MOTION TO USE EXISTING CASH MANAGEMENT SYSTEM
[00020] DEBTORS' MOTION TO MAINTAIN EXISTING BANK ACCOUNTS
[00021] DEBTORS' MOTION TO USE EXISTING BUSINESS FORMS
[00022] DEBTORS' MOTION TO WAIVE SEC. 345 INVESTMENT GUIDELINES
[00023] DEBTORS' MOTION TO CONTINUE INTERCOMPANY TRANSACTIONS
[00024] DEBTORS' MOTION TO APPROVE GMAC RATIFICATION AGREEMENT
[00025] DEBTORS' MOTION TO ENFORCE AUTOMATIC STAY ON CREDITORS
[00026] DEBTORS' MOTION TO PAY PREPETITION EMPLOYEE OBLIGATIONS
[00027] GM EXECUTES AGREEMENT TO SETTLE NOVA SCOTIA ACTION
[00028] U.S. GOVERNMENT'S STATEMENT ON GM'S BANKRUPTCY FILING
[00029] GM RECEIVES COURT APPROVAL OF "FIRST DAY" MOTIONS
[00030] GM IN PRELIMINARY TALKS TO SELL HUMMER BRAND
[00031] REP. PELOSI'S STATEMENT ON GM'S RESTRUCTURING PLAN
[00032] SUPPORT FOR AUTO INDUSTRY CRITICAL TO CANADIAN ECONOMY
[00033] COURT OKS GM'S CONTINUED PARTICIPATION IN BBB AUTO LINE
[00034] GM'S PENSION PLANS CONTINUED DURING BANKRUPTCY, PBGC SAYS
[00035] OKLAHOMA CITY TO PURCHASE GM ASSEMBLY PLANT
[00036] GM WILL EMERGE STRONGER, SAYS SOCIETY OF AUTO ANALYSTS
[00037] GM'S BANKRUPTCY HAS MINIMAL IMPACT ON GMAC AUTO ABS
[00038] FITCH SEES MINIMAL DEFAULTS FOR GM-EXPOSED CDOS
[00039] MOODY'S RATES GM'S DEFAULT RATING 'D' DUE TO BANKRUPTCY
[00040] MOODY'S TO RATE AUTO ABS AFTER GM'S CHAP. 11 FILING
[00041] S&P LOWERS RATINGS OF GM TO 'D' AFTER CHAPTER 11 FILING
[00042] LABOR DEPT. RELEASES $49-MIL. FOR JOB TRAINING IN MICH.

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GENERAL MOTORS BANKRUPTCY NEWS tracks the restructuring of General Motors Corporation and its debtor-affiliates.

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GENERAL MOTORS BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.

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Contact Information:
Bankruptcy Creditors' Service, Inc.
Peter A. Chapman
Tel: (215) 945-7000
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