Soupman Inc. (fka SOUPQ)

[flptrnkng]

Chapter 7 == Liquidation

Perhaps you should avoid Q stocks...

While corporations that have been liquidated under Chapter 7 bankruptcy proceedings may not 
 technically be dissolved, they survive with one foot in the grave. They are not able to bring prepetition 
 causes of action and cannot own or operate assets. On the other hand, liquidated 
 corporations are still liable for any debt that was not satisfied in the liquidation if they resume 
 business operations. The result is that corporations after a Chapter 7 bankruptcy are useless 
 for all practical purposes. The next logical step for such a corporation is dissolution under state 
 law in order to fully close the affairs of the defunct corporation. 

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