Discussion Question

This material from the past three week has dealt with the overall subject of acquisitions. Many of these acquisitions don't work out as intended, and some result on companies going under. One of our upcoming subjects is that of corporate bankruptcies and liquidations. When we think bankruptcy, we tend to think in the negative. However, from a corporate perspective the act of bankruptcy / reorganization can be a good thing.

For this discussion forum, you are to research a company that declared bankruptcy and then reorganized / came out of it stronger and for the better. Discuss what you think made your chosen entity go into bankruptcy, any significant measures it took during bankruptcy, and what happened to it once it came out of it.