Replies to post #104784 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

There are three types on corporate bankruptcy.

Chapter 11 - is a reorganization with the intent the company returning as a going concern.
Chapter 7 - bankruptcy upon confirmation calls for an immediate liquidation.
Chapter 11 Liquidation.- calls for assets to be liquidated over a period of time to maximize value under the control of a trustee. Technically Lehman has exited bankruptcy and is now a liquidating trust.