Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
7,165.08
(
0.80%
)
US TECH 100
26,538.40
(
1.85%
)
Dow Jones
49,247.66
(
-0.13%
)
Brent Oil
100.66
(
0.00%
)
Bitcoin
78,005.74
(
0.49%
)
News Focus
News Focus
Post# of 2952
Next 10
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

BillyBahama

Send PM Follow Ignore
Followers 17
Posts 3258
Boards Moderated 0
Alias Born 12/03/2009

BillyBahama

Re: jet101 post# 2908

Thursday, 04/18/2019 10:41:17 AM

Thursday, April 18, 2019 10:41:17 AM

Post# of 2952
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.

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


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

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today