Use the Internet to research the financial difficulties of a well-known corporation. You may use news periodicals, academic journals or corporate filings found on the SECs Edgar database. You may not use Wikipedia, or any other unverified sources.

In your initial post, summarize the events that lead to the financial difficulty and discuss the following questions:

• What course of action did the company choose?
• Did they choose judicial or nonjudicial action?
• What specific actions did they take?
• Do you agree with the companys choice of action and in your opinion was it successful? Be sure to support your position.

Title your Post with the name of your company.