no two bankruptcies are same. each is different. i don't see any airline bk survive but aamrq did, only reason i mention aamrq as folks tout aamrq here and plunge into every q out there. i can give you many examples where equity survived but in similar industry others didn't. look at wr grace where asbestos claims were huge and still are to date, they also established a trust, and share price rose to $100+, forget about cancellation. there is one example for you with similar environmental issues and industrials. that in fact i may have cited here and even predicted that a trust would be established for tort claims and that did happen but exide equity didn't survive, not due to lack of funds but fraud prevailed in exide and the fraud would not be uncovered as exide now hides under 'private' company.
why sec filing is better? with new rules, all trades are reported. when i claim a loss , irs has no record of selling mine.
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