Thank you, @Del. I was just wondering if Johnson Publishing sold their media division through a leveraged buyout...of course I don't know. But some of the hints contained in the chapter 7 petition tell an interesting story. At first, I was thinking it was a Structured Sale gone bad. But as I was searching for info - The Beatrice foods deal came up in the search, and while there's no relation to the Johnson Publishing deal and its subsequent liquidation petition; it help me understand why certain players including the company's ceo are listed as creditors.
I tell you, there's so much folks, such as me, don't know about Financial instruments - it's no wonder that black people are headed for zero net worth.