Go to the Web site of a company that has recently emerged from Chapter 11 bankruptcyfor example,
Question:
Go to the Web site of a company that has recently emerged from Chapter 11 bankruptcy—for example, Interstate Bakeries (www.interstatebakeriescorp.com), Movie Gallery (www.moviegallery.com), or Constar International (www.constar.net). By doing a search of the Web site or by looking at areas such as “Investor Relations” or “About Us,” what information can you determine about the bankruptcy plan that was approved?
Then go to the Securities and Exchange Commission Web site (www.sec.gov) and click on “Search for Company Filings” under “Filings & Forms.” Then click on “Company or Fund name” and enter the name of the same company. After you receive a list of filings, click on the most recent 10–K form. What information is available from this source about the bankruptcy reorganization plan?
Finally, if available, go to an online index of business publications or obtain a hard copy index of The Wall Street Journal. Again, search for available information concerning this company’s bankruptcy reorganization plan.
Required
Based on these searches:
What were the main provisions of the bankruptcy reorganization plan that brought the company out of Chapter 11?
Which of these sources provided the best information?
Step by Step Answer:
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik