Corporate Bankruptcy

Building upon this week’s Discussion topic, identify an international company (other than GM) that has undergone a bankruptcy filing. Discuss the legal context of the bankruptcy, including both federal bankruptcy law and international legal issues that might apply. What were the rights, duties, and liabilities of the debtors, creditors and guarantors in this bankruptcy? Discuss what happened to the company and state whether it was dissolved or reorganized? Overall, what were the advantages and disadvantages for the company to have gone through bankruptcy? How do those advantages and disadvantages differ from that of a personal bankruptcy?