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For a company to say they have between 49 and 73 billion owed to bondholders is ridiculous at best, criminal at worst. For a company not to know means the books have been tampered with. Of course, all of this needs to be brought out in bankruptcy court.
The order which people get paid are as follows: employees receive their up to last day worked wages, any loans from financial institutions, bond holders, preferred stock. Common Stock holders do not get paid back. Retirement funds are separate from the institution and are paid to the former employees if they have not been already raided. This is very general information.
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