Question: Name two firms that have recently declared bankruptcy (within 5 years) and for each firm address the following questions:
-- Why did the firm declare or is declaring bankruptcy?
-- Is the firm declaring under Chapter of the Federal Bankruptcy Reform Act?
-- Has a plan been established to reorganize or liquidate? Describe the plan in general terms.
-- Do you think the firm will succeed in getting out of bankruptcy and why?
-- Who will be adversely affected if the firm shuts down for good? Will anyone benefit? Should the Federal Government bail them out?