Chesapeake needs to be liquidated. I'm not just picking on CHK, I think I have some reason and I have said as much about airlines a time or two also. It seems to me thar CHK backs out of leases about as often as they complete the deal and pay the lessor. If CHK gets production from the lease they are famous for underpaying. Now CHK is not paying contractors and the result is liens being placed against mineral owners property. No company has a right to exist and CHK less than most. If CHK can't sell off enough of the company or borrow enough money to pay their debts, they need to be sued out of existence, broken up and sold. What of stockholders? If you own CHK stock and you have not been paying attention to the last 2 years, it's your fault. What about CHK employees? You know where you work. Nobody's position is safe these days. CHK has benefitted from years of tolerance, that is how it has come to be this bad. I wish 10,000 people would send ominous letters on legal letterhead to CHK tomorrow, I think there may be at least that many people with a valid grievance and it would probably take years for CHK lawyers to winnow it down to suits they need actually fear and they may make a few mistakes in that classifying. If CHK holds your lease it would belong to someone else after CHK is gone and that could be the best thing that could happen for you. Likewise equipment, it won't go up in a puff of smoke, as long as it is operable someone will own it and it's useless sitting there so it will be put to work. Just as the planes belonging to an airline would have a new companies name on them and soon be flying again if the airline was liquidated, the physical equipment of CHK would continue to work. I don't think society as a whole would miss CHK. CHK borrowed money so they would not have to sell off parts of the company at fire sale prices to stay alive. CHK is paying off their loans to avoid higher interest, evidently at the expense of their contractors and lessors. I think it is time for CHK to be shown that the bottom line is not just how much business you do, but how you do business. I am amazed that the article from the link posted by Wilson escaped my notice. I would be more amazed if I didn't find something about CHK just as bad next week. I think that CHK is going to join ENRON on the list of companies whose legacy smells worse than their product ever did.