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How Chapter 11 Works, page-2

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optimistus

5,432 Posts.

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24/04/20

12:55

Post #: 44233930
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Originally posted by Longbetterthanshort: ↑

During a Chapter 11 proceeding, the court will help a business restructure its debts and obligations. In most cases, the firm remains open and operating. Many large U.S. companies file for Chapter 11 bankruptcy and stay afloat. Such businesses include automobile giant General Motors, the airline United Airlines, retail outlet K-mart, and thousands of other corporations of all sizes.

The company will become Leanerand stronger after the reorganisation.

Patience is a virtue

Expand

That's great for the company.

And what normally happens to existing shareholders in those situations pray tell? I'm sure the holders are all looking forward to your wisdom.

I see you have a Buy Sentiment, we're all ears.

Last edited by optimistus: 24/04/20

SDA Price at posting: 79.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

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How Chapter 11 Works, page-2

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Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

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