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Wednesday, 02/05/2014 9:28:18 PM

Wednesday, February 05, 2014 9:28:18 PM

Post# of 994
Bankruptcy Proceedings and Company Stock

When a company is involved in bankruptcy proceedings, the letter "Q" is added to the end of the company's stock ticker symbol. When a company emerges from bankruptcy, in most cases the plan of reorganization will cancel the existing equity stock. The SEC advises the public to read a company's proposed plan of reorganization before purchasing stock in a bankrupt company.

For more information about the impact of bankruptcy proceedings on securities, please read the SEC's online publication, Corporate Bankruptcy. http://www.sec.gov/investor/pubs/bankrupt.htm

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