Basically, the company had to pay for its own buyout when private equity firms KKL, Vornado, and Bain bought the company for $6.6 billion, mostly with loans.
Because the company then had to pay off those extreme loans, they were forced to sell off their assets and property, which they leased back from the very private equity firms that now owned them.
The same thing happened more recently with Red Lobster and JoAnn Fabrics.
The banks, and/or the insurance companies.
In the case of the banks, the money isn’t real and never existed in the first place.
The fiat money system is pretty fucked when you understand it.
At worst they take the “loss” and at best, they get bailed out by public dollars.
Pick whatever fits your ideals.