And Now for Something Completely Different

For a person interested in the history of corporate bankruptcy, living in Northern New Jersey can be great fun, as every day provides reminders of the great bankruptcy cases of the past, particularly those involving the many railroads that once converged here, all of which were in receiverships and/or section 77 proceedings at various points in time. The sign pictured here is one I see every morning at the Newark's Pennsylvania Station, even though the last Penn Central train departed several decades ago. I'm sure this has confused more than a few tourists over the past few years!