Celadon Group Inc. (CGIP)

[1manband]

NO. The liabilities remain. Bankruptcy is not a "get out of debt free" card If the stock had any value, the creditors would have accepted new shares for their unpaid debts. But they didn't.

The bankruptcy was cancelled because all the assets are gone. There is no reason to remain in bankruptcy as everything has been accomplished. Bankruptcy is not free - it is VERY expensive. With the asset distribution agreement in place, there is no reason to keep paying for the bankruptcy, and no way to pay for it, anyway. It is over.

The SEC and FINRA currently have no legal right to cancel the ticker automatically when the bankruptcy is dismissed. But once FINRA gets around to it, they will. And that can happen at any time, without any warning.

The stock has no value, and once the ticker is cancelled it is over.