As far as I know that's what a Chapter 7 does, if they were looking to reorganize then they would have filed an 11. My understanding is a chapter 7 is when the business is shutting down. But hey we're always learning I guess.
Everything I post is from my own DD and in no way is a recommendation to buy or sell a stock. Please do your own DD and decide if this stock is right for you. Thank you and good trading.
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