1) Why did Marvel file for Chapter 11? Were the problems caused by bad luck, poor strategy, or poor execution? 2) Evaluate the proposed restructuring plan - will it solve the problems that caused Marvel to file for Chapter 11? As Carl Icahn, the largest unsecured debtor, would you vote for the proposed restructuring plan? Why or why not? 3) How much is Marvel's equity worth per share under the proposed restructuring plan, assuming it acquires Toy Biz as planned? How do you value the pro forma financial projections and liquidation assumptions? 4) Will it be difficult for Marvel or other MacAndrews and Forbes holding companies to issue debt in the future? 5) Why did the price of Marvel's zero coupon bonds fall on Tuesday, November 12, 1996? Why did Fidelity and Putnam portfolio managers sell their bonds on Friday, November 8, 1996