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playfullyhappy

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playfullyhappy

Re: yerboss post# 86975

Saturday, 07/01/2017 6:27:42 PM

Saturday, July 01, 2017 6:27:42 PM

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yerboss,

In bankruptcy the common stock shareholders are the first to get wiped out. Any assets that the company has will go to pay off the debt holders, salaries, creditors - you name it.Preferred stock holders, bondholders are even ahead of the common shareholders. Everybody is ahead of the common shareholders.

Then, and only then, if anything is left over after everyone else has been paid and all debts satisfied the common shareholders might get something.
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