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Joe Stocks

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Re: newflow post# 104784

Friday, 01/20/2023 7:38:21 PM

Friday, January 20, 2023 7:38:21 PM

Post# of 110987
There are three types on corporate bankruptcy.

Chapter 11 - is a reorganization with the intent the company returning as a going concern.
Chapter 7 - bankruptcy upon confirmation calls for an immediate liquidation.
Chapter 11 Liquidation.- calls for assets to be liquidated over a period of time to maximize value under the control of a trustee. Technically Lehman has exited bankruptcy and is now a liquidating trust.

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