Replies to post #22203 on Chemtura Corp (fka CHMT)

[LCLiving]

Mac, When a BK company has more liabilities than assets, which is the opposite of our case, shares can be wiped out. In that case, the reorganized company sells new shares to recapitalize the company.

[Arnold25764]

If old shares are wiped I don't think you will be issued new ones unless you purchase them for the new PPS. Thats the inherent risk playing BK stocks.