cross thread bb

Hi guys,
I have a old GT im doing up but the BB is cross threaded, can it be rethread? or would a external bb go in and run ok, at the moment it has a sq taper in and I can't get the plastic part to go in as it hits the bb shell.
I have a old GT im doing up but the BB is cross threaded, can it be rethread? or would a external bb go in and run ok, at the moment it has a sq taper in and I can't get the plastic part to go in as it hits the bb shell.
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if you want to fit an external BB you will still need the threads chasing and then if they are OK the BB shell will need facing.
Parktools :?:SheldonBrown