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Corporate Bankruptcy Scenario : frame a corporate bankruptcy by creating the financial situation for a corporation so that it has; 5 typical major debts a

Corporate Bankruptcy Scenario: frame a corporate bankruptcy by creating the financial situation for a corporation so that it has; 5 typical major debts a corporation might have (be sure to use creditors from the different creditor groups). Discuss any proposal it might use to avoid going bankrupt and the rules on the proposal. Then using the 5 major debts you created explain what the trustee in bankruptcy would do with these debts, the order of payment and what would happen to the unpaid debts. Discuss the final impact on the corporation of going through the bankruptcy process.

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