Sunedison Inc. (fka SUNEQ)

[Handyman4545]

I read that commons surviving.

It's actually better than that (10% +/-) according to the SEC.

A fallacy in the business market is that all companies that declare chapter 11 come out wiped totally clean.
No debts, no stock, no value.

The truth is that nearly all that come out solvent, still have some debt load but it's much more manageable than it was allowing them to continue business and profit generation but with the saving grace of past failure experience.
A few of those oopt to protect their unsecured investors by retaining their stock through the process.

If they do, typically, the stock emerges greater than where it was during the fall and relief restructure period but far less than what it was in its height because of investor wariness regarding the new direction of the company and the fact that it probably sold off a lot of it's assets to reduce its debt.

Sorta like.

"Ok. We knew you when, and we had a lotta faith.
We know you don't have squat now but we believe you can do it again but did you learn anything from the fall?"

This makes it a great way to recoup any losses you might have suffered during the fall.

In my limited experience, investing $10 or $100 in bankrupt companies is a lot like investing in the lottery but odds are what make the difference.
The biggest difference in chapter 11's over lottery tickets, is that you can actually find what you need to know to improve your odds via the court docs with chapter 11's

It's arguably, Gods will in the lottery.