The church I used to attend had a bunch of bonds that were donated by a member.   Had 10 GM bonds face value $10,000 total, and they matured and were paid off just before GM filed bankruptcy, so we got the money and never heard how the people that still held GM bonds turned out. 

At the same time we had $10,000 in Chase bank bonds as well.    When Chase got in trouble, after the bankruptcy settlement and bailout the face value was cut back to $6,000 and they gave us some Chase stock to compensate.   The stock is of so little value the dividends don't amount to anything and we've never tried to sell the stock.    Chase redeemed the bond years ago but at the lower price and had we tried to sell it before it was redeemed we would have gotten far less than the $6,000 as no one wanted them.