NFI looks great and this is now trading at 13 cents. BK filing due out any time now. Mgmt has given up so I don't even see the need for CH11. This is clasic CH7. Dispose of the assets and discharge all the debts. Common shares may trade under a new symbol but they have death written all over them and will quickly go to zero.
I like a bankruptcy play, but I want management to be screaming for a long shot chance to pull this out. I don't see one here.
Check TOUS for what you want to see in a company facing bankruptcy. Trading at 19 cents and could go to $4.