Yes. That is what happened at Enron and others. Gone. Zip. Nada.

----- Original Message -----

From: "MB Software Solutions, LLC"

<mbsoftwaresolutions@mbsoftwaresolutions.com>

To: "ProFox Email List" <profox@leafe.com>

Sent: Friday, January 06, 2012 12:53 PM

Subject: Re: [OT] Kodak near bankruptcy

> On 1/6/2012 12:24 PM, Michael Madigan wrote:

>> No, because bankruptcy doesn't mean closing the company. General Motors

>> would have been able to reorganize under chapter 11, restructure their

>> pension system, and restructure their debt. Instead we have the

>> government bailing them out, forcing it to build a PoS car like the Chevy

>> Volt, and they're in no better shape now than before. Then add to it the

>> billions that the American taxpayer lost and will never recover.

>

> Reminds me of that article on Kodak. Will those retirees get screwed

> out of their pensions if Kodak goes to bankruptcy?

>

>

> --

> Mike Babcock, MCP

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