For the slow Heald employees, the execs have cashed out and their money is safely in their own bank accounts. So while you may not get paid, the execs are all set. Does that sound like Heald will be fine? That there is a buyer? Wake up people! Stop doing illegal stuff.
http://investors.cci.edu/secfiling.cfm?filingid=1437749-15-4648&CIK=1066134