what will happen to stock in a company coming out of bankruptcy?
Sunday, December 20th, 2009astonished asked:
I own stock in a company that has been in bankruptcy and now they are emerging from Chapter 11. I know no one can say whether the stock will go up or down for sure, but I am concerned if the stock will disappear as part of the bankruptcy deal? Can the stock be dissolved completely? The company will be a functioning company afterwards.
I own stock in a company that has been in bankruptcy and now they are emerging from Chapter 11. I know no one can say whether the stock will go up or down for sure, but I am concerned if the stock will disappear as part of the bankruptcy deal? Can the stock be dissolved completely? The company will be a functioning company afterwards.
