If I could sum it up, Paul, what I've learned is this: trust no one.
Two months before our company declares bankruptcy, our CIO stood in front of the whole company, and when asked if there was any chance we could be going bankrupt, answered, “No, there is no chance. We have money to lead us through for three years”.
Then we were going to lay off half of my division, and at the eleventh hour they said, “No, let's not lay them off”. A week later they declared bankruptcy. They were just avoiding.... I think they knew what they were doing all the time. It was planned well ahead. I'm sure they talked about it with all their lawyers and everybody else.
In summary, trust no one.