So what finally happened to GM bond holders?

[Pilgrim21784]

I am curious as to what finally happened to holders of General Motors bonds. Anybody know?

[pneff]

I had 80K of GM bonds. Paid good interest. Now nothing. Financial advisor says wait. Ok, but I also would like some idea of what is happening.

[sonarrat]

If the TOUSA bonds I had are any indication, probably nothing yet. About 6 months into it, they ticked up to more than I paid for them, so I sold them.

[pneff]

I see that my broker values the GM bonds at $10,500. So I guess they could be redeemed or sold for that amount. Is GM offering that? I guess best thing is to just wait. Sure miss that interest.

[tabbcat]

I heard there were a lot of layoffs today.