Replies to post #24079 on Sears Holdings Corp. (fka SHLDQ)

[dandream]

R u sure?

[dandream]

In bankruptcies, bondholders and unsecured creditors are paid from the company's assets before common stockholders. Although a company may emerge from bankruptcy as a viable entity, the creditors and the bondholders generally become the new equity owners -- and their first order of business is to cancel the existing equity shares