Once bust, American firms can in any case ask the bankruptcy-court judge to void existing labour contracts, a step that United is already threatening to take.
And some troubled industry suppliers, including Delphi (other-otc: DPHIQ - news - people ), are seeking approval in bankruptcy court to void their union contracts altogether.
Vetter suggested that bankruptcy would allow GM to make significant changes faster, because a judge could void labor and supplier contracts, debts could be restructured, and Congress would not be involved.
The majority of the players' contracts will become void and key men like Luke Robinson, Andy Coley and David Hodgson may be snapped up by other Super League clubs.