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PennyAuthority

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PennyAuthority

Re: None

Tuesday, 03/30/2021 5:39:18 PM

Tuesday, March 30, 2021 5:39:18 PM

Post# of 20604
There is hope. Under Chapter 11, corporations are allowed to continue business operations, but the bankruptcy court retains control over significant business decisions.

Long story short the company is allowed to rebuild and restructure. They just don't dissapear overnight.

https://www.investopedia.com/ask/answers/06/chapter11stocksbonds.asp
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