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Re: Brucebannerr post# 85508

Monday, 10/07/2019 8:58:59 AM

Monday, October 07, 2019 8:58:59 AM

Post# of 147191
**Generic bankruptcy warning **
SHARES ARE NOT CANCELLED



Regardless of the type of bankruptcy a company files under, any common stock in a bankrupt company is likely to be worthless. That is because the common stock (that is, “equity”) is the last in line to receive what’s available to be distributed in a bankruptcy proceeding. Creditors, including bondholders, suppliers and employees, all come before holders of the company’s common stock. And, even if a company successfully reorganizes, its plan of reorganization often cancels the existing shares of common stock.



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