Elite Pharmaceuticals Inc (ELTP): Ch 11 is reorg. Business doesn’t stop an...

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Re: sharkey1 post# 379587

Thursday, 04/20/2023 10:14:02 AM

Thursday, April 20, 2023 10:14:02 AM

Ch 11 is reorg. Business doesn’t stop and you keep operating. Debts can potentially be restructured and often shareholders wiped out.

Ch 7 - liquidation. Business stops operating and someone buys assets and company disappears.

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