Description: After seven long years, it looks like Nortel pensioners will have a better deal as this bankruptcy saga winds down. While pensioners are probably relieved to see issues settled, it has been a very expensive process. The total for legal and professional services paid out of the Nortel funds is over $2.5 billion, making it the most expensive bankruptcy to date in Canada.
Date: October 13, 2016
1) What do you know about the Nortel story?
2) What are some of the accounting issues you might have to deal with if you worked for a creditor of Nortel?
3) Does a career as a bankruptcy trustee appeal to you?