Current Corporate Reorganizations
Use the Internet to locate articles from The Wall Street Journal and other financial publications concerning one of the recent major corporate bankruptcies and ascertain the following information concerning the bankruptcy case: (1) When was the bankruptcy petition filed? (2) Was the petition filed under Chapter 7 (liquidation) or under Chapter 11 (reorganization)? (3) Who were/are the major creditors or holders of claims against the bankrupt entity? (4) If the matter is in Chapter 11, has a reorganization plan been filed and what were/are its major elements? (5) Has the bankruptcy proceeding been completed? (6) If it has been completed, how did the major creditors appear to fare?