InterDigital Inc (IDCC)

[plumear]

Hypothetical question: If a hedge fund, such as Bear Stearns went bankrupt, did not get bailed out like Bear Stearns did, and had stock that the firm had a short position in, who would buy back the short shares to replace those that were sold? I understand that there would be a debt to be repaid but who would be the primary debt holders and is there any guarantee that the shorted shares would be re bought?