Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 47

If available, go to an online business publication database such as Factiva, WilsonWeb, or ABIInform. Look up a recent, well-known bankruptcy case such as AMF Bowling, Hawker Beechcraft, or Tribune Group. Search for articles that discuss the issues and problems that led this company to file for bankruptcy.
Required
Write a short report on that company and the problems and mistakes that led to its insolvency and declaration of bankruptcy. If possible, indicate actions that the company could have taken to avoid its decline into bankruptcy.