Message Font: Serif | Sans-Serif
No. of Recommendations: 0

Thanks for the reply.

When a compnay exits a Chapter 11 (reorganization) prooceding, it nearly always cancels all outstanding shares of stock and issues new stock to its remaining creditors in proportion to their claims.

Would this mean that once they come out of Chapter 11 proceedings then buying stock again would be an option? If so, how prudent would that be?

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.