GM Moves Up Supplier Payments

Updated from 11:18 a.m. EDT

In what some are seeing as another sign of a likely bankruptcy filing,

General Motors

(GM) - Get Report

has moved up payments to its parts suppliers before its June 1 restructuring deadline, according to published reports.

GM will make the payments to many suppliers in North America -- originally scheduled for June 2 -- on May 28, according to the

Detroit Free Press

Web site. GM, which has received $15.4 billion in bailout funds from the U.S. government to date, faces a June 1 deadline to restructure its debt or face bankruptcy.

GM CEO Fritz Henderson said earlier this week

that a bankruptcy filing by the Detroit automaker was "probable."

GM shares were recently trading down 4 cents to $1.17.

This article was written by a staff member of TheStreet.com.