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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Info » what happens if a bankrupt company cancels its common stock?

what happens if a bankrupt company cancels its common stock?

if a bankrupt company cancels its common stock upon coming out of bankruptcy. what happens to the stock that i hold. is it worthless are do they make an offer to us?

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4 Responses to "what happens if a bankrupt company cancels its common stock?"

  1. LiliRose says:
    you lose.
  2. Sami V says:
    Being bankrupt, the company may not make a general offer to the shareholders who get the last priority to share what is left after settling all creditors!
  3. catawhumpus says:
    You may as well hang onto it but it may not have any trade value.
  4. Big Bully says:
    Say bye, bye to your money and shares when they come out.

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