Honestly, I don't know enough details and the Chapter 11 process needs to play out still, so I think it's to soon to really say who were the winners and losers here. Also it depends how you want to define winners and losers. Well the lawyers are the winners for sure, but as for other parties it is tbd.

As for info on where TPG and your debt holders stand, along with other details on what the hell is going on, it should be mostly publicly available. SEC's Edgar is where I would start to look and a multi-page google search session should find other stray legal documents.

Here is your Edgar page: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&C...

Also here is a Bloomberg article from last year when the shit hit the fan while eating spicy food from a dirty foodtruck, the article has some names of who owned the debt and who represents them and what your bonds were trading at (even back then it was already 28 cents on the dollar, Oy)

https://www.bloomberg.com/news/articles/2016-06-08/avaya-sai...

I don't know nor can I predict if there will be large layoffs. You work there, so hopefully you know.

It should not "seem like common knowledge" how much KK is getting paid, it should be common knowledge, this is publicly available information. Click on that Edgar link above, the info is in there. Look at the 10-K forms the company filed they disclose executive compensation.

Other questions like what will happen to leadership or how will ownership of the company change or what assets may need to be sold, this is all part of the Chapter 11 process.

Unfortunately, and despite popular opinion, people on Wall St cannot predict the future ;). I don't know why CNBC and WSJ keep asking investors and economists what they think will happen, these shmuks have no fucking clue. So my apologies, but I just don't know how this will play out. But Chapter 11 is quite a public process so you can follow it as it happens.

If you are unfamiliar with how Chapter 11 works, the Planet Money radio show/podcast did a story on Ch.11 that was pretty good. Here it is: http://www.npr.org/sections/money/2015/09/05/437628996/episo...

One more thing on the winners and losers. Sometimes a company can go down and there are no big winners or big losers. Not by how I would define a loser here. I am sure TPG and Avaya bondholders wished things had turned out better on this investment. But they made an active investment decision, in a risky company, as part of a diversified portfolio of multiple bets similar (well hopefully). The portfolio overall also hopefully isn't losing money even when one of the deals turns out to be a dud. Companies can go down even when giving a 100% honest effort to improve it. Look at VCs and startups, some/most startups in the VC's portfolio inevitably fail, are these companies and their VCs losers? If people are fully informed on the risk and rewards, and nothing was taken away, then the founders, employees and investors knew they were taking a risk when they signed up.

My main concern when I read news stories like this is if people were lied to, or misled or company directors & officers did not act in good faith while making decisions when running the company. Being dumb still not a crime on its own. But if a company's D&O put their employees pensions on the line while enriching themselves, or if management mislead employees and small investors about the health of the company/their efforts to fix the company's problems while really planning their own exit behind the scenes - that's fucking disgusting and it may be a crime (and if it was a crime send their asses to jail plus a lawsuit to clawback their BS gains).

I don't know how this will play out but if I worked there I would for sure be looking for another job asap as part of the uncertainty of who, what, where over the next few weeks in Ch.11. Good luck.