What Happens to the Stock Holders When a Company Goes Chapter 11? and The Stock Exchange Building, Panama Street, Wellington, ca 1932

What Happens to the Stock Holders When a Company Goes Chapter 11?

What happens to the stock owners holdings when a company like GM goes chapter 11 bankrupt?
do you think that's what going to happen to General Motors?


Stock best answer:

Answer by Elana
They still own stock - but now they own stock in a company that can't pay its creditors.

Usually, if they can't emerge from bankruptcy, the company will disolve and the shares become worthless.

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The Stock Exchange Building, Panama Street, Wellington, ca 1932


Image by National Library NZ on The Commons
The Stock Exchange Building, Panama Street, Wellington, ca 1932
Reference Number: EP-0251-1/2-G
Dry plate glass negative

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Orignal From: What Happens to the Stock Holders When a Company Goes Chapter 11? and The Stock Exchange Building, Panama Street, Wellington, ca 1932