Commodore could have done what many companies have done since. Negotiate with creditors and file for Bakruptcy and reorganize management and put together a plan that would convince banks to keep them aflot. By the time Commdore was in trouble the computer industry had decided it wanted to be a Windows world. Any financial or tech experts likely consulted by bankers that could have proived a bailouy no doubt would advise that Commodore was becoming a computer company of the past.
