A bankruptcy court judge is giving General Motors the thumbs up to sell off it's assets and form a new company.

However, the deal has provisions freeing the new company from previous liability lawsuits.

And many consumer groups don't agree and are filing an appeal, saying that consumers involved with past accident lawsuits against GM won't receive compensation.

The U.S. Treasury Department is vowing to cut off GM funding if the deal doesn't go through by July 10.

So far the U.S. government has given GM over $50 billion in taxpayer funds.