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Xero said:
Wouldn't Sony receive some form of bailout if they were going under anyway? I mean they own a lot of physical premises and hold jobs for 185,000 employees...

No they wouldn't. Those things get sold off to other companies or investors they don't just disappear. Sony could go bankrupt and the head of SCE could potentially still keep his job if it was a restructuring bankruptcy or if the SCE was sold off to another company. Many people may lose their jobs but also many of those employees could keep their jobs. Just like how here(in the states) when Washington Mutual went bankrupt, Chase bought it and many of the Washington Mutual employees became Chase employees and Washington Mutual's buildings (whether leased or owned) became Chase bank's. When a company goes bankrupt, it doesn't mean it all just disappears.