GE is practically a bankrupt company. They are planning to survive by selling assets and using the practically guaranteed bonds provided by the Fed. Nobody knows how long this will work out for them.
That's not the issue. GE has a lot of liabilities in the future, not only loans, but also including billions they will need to cover for their failed insurance business. They under insured long term care and now these costs are skyrocketing. In the past they promised to sell business units to pay these future liabilities, however it seems that their businesses are shrinking, not increasing. If they cannot turn around and improve their business, they won't have enough to sell to cover the growing liabilities.
Insurance liabilities were valued at $38Bi in 2018, and these costs are only going up:
