Enron’s bankruptcy reorganization plan has been completed and filed. This is pretty much all you need to know:
Two years ago, Enron claimed $67 billion in assets. Today, it has at least $67 billion in debt.
[…]
Creditors of parent company Enron Corp. will see a return of 14.4 cents on the dollar on their claims. Creditors of Enron North America, which owned the commodity trading business, will receive 18.3 cents on the dollar.
[…]
Shareholders get nothing in the plan. The fate of former employees is less clear.
There was a time when it seemed like everyone I knew worked for Enron or spoke wistfully about wanting to work for Enron. What a gigantic, monumental, tragic waste.
The amazing this about this mess is that the creditors will even a fraction of what they are owed. Even they did not expect that to happen.