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BillyBahama

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BillyBahama

Re: None

Tuesday, 04/02/2019 7:57:37 PM

Tuesday, April 02, 2019 7:57:37 PM

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Bankruptcy: What Happens When Public Companies Go Bankrupt

https://www.sec.gov/reportspubs/investor-publications/investorpubsbankrupthtm.html

Under Chapter 7, the company stops all operations and goes completely out of business. A trustee is appointed to "liquidate" (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors.

All posts are speculative and my opinion only. NOT investment advice.

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