If you are looking for work it is critical to do your homework about a prospective employer. There are companies out there in trouble. For example, check out this excerpt from a recent SEC 8K filing. To be clear, this filing is not from an insurance company and is used here solely for illustrative and educational purposes. The company who filed this report is real.   Would you take a job with this company?  Do your homework.

Item 8.01. Other Events.
Company Actions Regarding Liquidity Position
The Company is, and expects to be, in default under a number of its financial obligations to its lenders and venture partners, including under certain loan agreements and other funding obligation agreements, and has commenced discussions to restructure these obligations and potential related claims. The Company has sought, and continues to seek, waivers with respect to such defaults, and is seeking to reach negotiated settlements with its various creditors in order to preserve its liquidity and enable it to continue operating. The Company believes that it will be in the best interests of all creditors to grant such waivers or reach such negotiated settlements with the Company and has entered and is seeking to enter into standstill agreements with a number of its creditors similar to the Standstill Agreements described in Item 1.01 of this Current Report on Form 8-K. However, there can be no assurance that such waivers will be received or such settlements will be reached, and, depending on the materiality, such discussions and agreements may or may not be separately disclosed in the future. If the defaults are not cured within applicable cure periods, if any, and if waivers or other relief are not obtained, the defaults can cause acceleration of certain of the Company’s financial obligations, which the Company may not be in a position to satisfy. The Company is also engaged in discussions with various venture partners and third parties regarding the sale of certain assets with the purpose of increasing liquidity and reducing obligations to enable the Company to continue operations. There can be no assurance that any of these discussions will result in the consummation of any transactions, and, depending on the materiality, such transactions may or may not be separately disclosed in the future.