Description: After default, emergency restructuring was needed to satisfy lenders.

Source:  Fortune.com

Date: 07/28/2011

Link:  http://finance.fortune.cnn.com/2011/07/28/the-forbes-familys-big-deal-causes-big-trouble/

Questions for discussion:

• Summarize the financial condition of the firm.
• How would you advise management to deal with the current situation?