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Will General Electric (GE) file for chapter 7 or chapter 11 bankruptcy before Sep 18th of 2024?

Harry Markopolos is known for having reported the Bernie Madoff ponzi scheme. Now he has put out a report claiming that General Electric is conducting large-scale accounting fraud. Several analysts have defended GE, describing the report’s analysis as uncompelling and incorrect. GE has denied these charges, and described Markopolos’ report as market manipulation (Markopolos will receive a cut from trading profit from an unnamed hedge fund).

GE has been charged before for accounting fraud.

Note that GE being criminally convicted of fraud is not the same as having a financial situation that is insolvent. This question aims at the latter.

Will General Electric (GE) file for chapter 7 or chapter 11 bankruptcy before 00:00 UTC Sep 18th of 2024?


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Use the community stats to get a better sense of the community consensus (or lack thereof) for this question. Sometimes people have wildly different ideas about the likely outcomes, and sometimes people are in close agreement. There are even times when the community seems very certain of uncertainty, like when everyone agrees that event is only 50% likely to happen.

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