Business Law: Failure a Corporate Bankruptcy paper

http://www.businessweek.com/magazine/content/09_21/b4132016495894.htm

The attached video and article predate the GM bankruptcy but raise questions that we are still struggling with regarding major institutional failures in out economy.

Summarize the criticisms made of the Bankruptcy system. Do you believe these criticisms to be valid? Your completed assignment should be two to four pages and double spaced.