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AllyAustin

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AllyAustin

Re: svalente2002 post# 64540

Wednesday, 05/19/2010 2:03:23 PM

Wednesday, May 19, 2010 2:03:23 PM

Post# of 83046
I'm not positive about this, but I have experienced BK with another company. The shares remain going into BK but in a very high percentage of cases (upper 90%'s) upon emerging/if emerging from BK, the common stock of the old stockholders is wiped out. Secured creditors get issued stock in the new company.

This is typical but not absolute.

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