Replies to post #372994 on Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

Typed too fast. Ch 11 is reorg. Ch 7 is liquidation. They’ll go Ch 11 route.

[no2koolaid]

Chapter 11 is reorg...https://www.investopedia.com/terms/c/chapter11.asp

Chp 7 liquidation...https://www.irs.gov/businesses/small-businesses-self-employed/chapter-7-bankruptcy-liquidation-under-the-bankruptcy-code