Not exactly so. As shareholders you 'own' the company which owes debt. It makes debt a thing to be avoided IMO. As soon as creditors are in control, shareholders dont own jack in this current system. This shady chapter 11 business needs to be totally revamped IMO.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.