Pud - while I agree that the defense against Charter Comm attacks on Tory s/b 'the company still exists, workers kept their jobs', to say it's not bankruptcy is a different form of sophistry. Prepackaged or not, the current shareholders were wiped out. That's bankruptcy.
Don't do Ford the favour of splitting hairs. Go on the attack - "i negotiated this deal to save jobs."
The difference between bankruptcy (in the US Chapter 7, in Canada the BIA, for companies such as Charter) and financial reorganization (in the US Chapter 11, in Canada the CCAA, for companies such as Charter) is more than sophistry. (Fundamentally, it is not a requirement under Chapter 11 that the corporation be insolvent - for example, Johns Manville Corporation went through Chapter 11 in order to put a regime in place to handle asbestosis claims; at the time JMC was the most cash-rich company in the US. However, the 'absolute priority' rule in Chapter 11 required that, if some of Charter's debt was exchanged for new shares, then the existing shares had to be cancelled. Since some of the existing shareholders owned some of the debt that was converted, they ended up with a larger percentage ownership of the company going forward - what the Americans call 'loan to own'. Charter is an example of a company going through Chapter 11 not because it was insolvent and incapable of operating as a going concern at the time but because the prospect of ending up insolvent in the medium or longer term was real - welcome to the US economy in 2009.)
But of course I agree that no politician could reply to a smear such as the one that I think Ford & Silverstain are planning by offering free tuition to Financial Restructuring Law 101 and the link to EDGAR. A blunt, simply worded, forceful response by Tory would be the way to go - amongst other reasons because, as I said, I think that very few of the people to whom the smear would try to appeal would be capable of understanding that it was 'truthy'.
Personally, if I were Tory, I would be trying to figure out how to reply to two things: "bankruptcy, bankruptcy, bankruptcy!!! don't let him near your wallets!!! and "he tried to hide it from you when he submitted his resume!!!". I know that some people who are aware of the possible impending smear think that the first aspect will earn nothing more that "meh" from non-FN voters. The more I consider it the more I am inclined to think they may be right, since it ought not to be very difficult for Tory to hit back hard on it. Also, the way that Ford is giving out daily hints of 'scandal to come' tells me that Ford & Silverstain think that the real power of the story is "he tried to bamboozle* you on his resume", not what he (supposenly) lied about.
*Chosen because it just, to me, sounds like Doug.