Find a major company that recently filed for bankruptcy. Do not choose JcPenney, Guitar Center, Hertz or Sears. Research current articles and find at least three (3) credible sources. Cite your sources and the end of the research paper. There is no formality required for citations.
Your paper must include all 5 of the following areas:
(1) Identify the company including the name, location, type of business, etc. Give me some background of what the company does/sells, where and to whom.
(2) Explain what type of bankruptcy that was filed (which Chapter) and why the company filed that type of bankruptcy (in other words, define the bankruptcy filed and explain why it was best that the company filed that particular Chapter).
(3) Discuss why the company filed for bankruptcy (what led to this point, was it a recent problem or ongoing, did they have other options, etc);
(4) *Discuss the purpose of the bankruptcy laws;
(5) *Even if done in good faith, discuss which stakeholders might be disadvantaged by the process and why. Stakeholders could include employees, creditors, shareholders, suppliers, and even customers. Please discuss at least three of these stakeholders and how they were affected. *
(6) *Discuss how or why a company might take advantage of these laws unfairly and whether you believe the company abused the system and why. Think about how stakeholders, particularly creditors, are affected and if the bankruptcy process is fair for them.*
(7) Is the company still operating today and, if yes, how it was affected (i.e., size, structure, focus, etc.) How has the company changed? If the bankruptcy was only recently filed, conclude how they may be affected by the bankruptcy.
*denotes the most important sections of your paper.
This paper doesn’t have to be too complicated, but is an essay. It may be as short as 4 paragraphs, for example: paragraph one addresses (1), (2) and (3); paragraph two addresses (4), paragraph three addresses (5) and (6); and paragraph four addresses (7). You do not have to address these questions in that order, but address each question. Remember to include your cites at the end. You do not have to include them throughout your paper.
Rubric
Bankruptcy Research Paper (1) (2)
Bankruptcy Research Paper (1) (2)
Criteria Ratings
This criterion is linked to a Learning OutcomeDescription of company (location, type, size, etc)
Full Marks
No Marks
This criterion is linked to a Learning OutcomeDiscuss the reason the company filed bankruptcy and the type of bankruptcy filed
Full Marks
No Marks
This criterion is linked to a Learning OutcomeDiscuss purpose of bankruptcy laws
Full Marks
No Marks
This criterion is linked to a Learning OutcomeDiscuss the effects on stakeholders how and why a company might use the system unfairly
Full Marks
No Marks
This criterion is linked to a Learning OutcomeDiscuss whether or not the company abused the
Full Marks
No Marks
This criterion is linked to a Learning OutcomeDescribe company today or post bankruptcy
Full Marks
No Marks
This criterion is linked to a Learning OutcomeCite 3 sources
Full Marks
No Marks
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