Gmac Loans What Will Happen To An Auto Loan If GMAC Goes Under?

What Will Happen to an Auto Loan if GMAC Goes Under? - gmac loans

My brother has a loan through GMAC for a car that has only acquired this year. "I heard it was very likely to go bankrupt if no help is given shortly. What we want to know what would happen to him and his loan for your car, if they go under and no longer exists? If the car is free and clear, or a transfer to another company to resume payments to that company again? "any help is appreciated, thank you