I feel bad for the trappers that are going to get screwed in this bankruptcy. I also feel sorry for the long list of unsecured creditors that are also going to get nothing. That said, don't blame the bank, who will likely take a large loss as well. The company screwing the trapper is 100% NAFA. They decimated a long standing and very successful company.
When and if the full story comes out it will be clear they have been headed the wrong way for a long time and they were not about to take any advice on how to turn things around. A long and illustrious history is no guarantee of future success. Just ask Eatons, Sears and the Bay.
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