Bankruptcy Court at the next weekend could decide to sell the assets of General Motors Corp. updated avtokompanii, writes The New York Times.

On Thursday a federal court concluded 3-day hearing at which lawyers GM, on the one hand, and creditors, on the other hand, presented their arguments for and against the proposed scheme of reorganization.

Following discussion, lawyers GM provided an updated plan, under which, among other things, would increase the budget for the elimination of the old company and to repay some of its liabilities - to $ 950 million to $ 1175 million

Government and the GM, if the court decides on a weekend, on Monday or Tuesday to complete the sale of assets, the newspaper writes.

At the same time, creditors do not agree with the terms of the reorganization, may still appeal the court's decision on the sale of assets automakers.

GM declared bankruptcy June1, and the Government has set July 10 as the deadline for completion of the reorganization of the judicial process.

As part of the court of a new GM, the majority of the shares of which will belong to the American (60%) and Canada (12%) governments, as well as trade union fund, will acquire brands Chevrolet and Cadillac. New GM in the coming year may hold IPO, and the U.S. government plans to fully withdraw from the assets of GM until 2018.

Part

unwanted assets - stopped factories, real estate - will remain in the old GM, which will still be in the process of bankruptcy. Its assets are likely to be sold off piecemeal, and the company - closed.

The official creditors' committee

GM has supported the proposed scheme of reorganization of government.

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