the company's stock is publicly traded, a Chapter 11 filing generally causes it to be delisted from its primary stock exchange if it was listed on the New York Stock Exchange, the American Stock Exchange, or the NASDAQ. On the NASDAQ the identifying fifth letter "Q" at the end of a stock symbol indicates the company is in bankruptcy (formerly the "Q" was placed in front of the pre-existing stock symbol; a celebrated example was Penn Central, whose symbol was originally "PC" and became "QPC" after the company filed Chapter 11 in 1970). Many stocks that are de-listed quickly resume listing as over the counter (OTC) stocks. However, once a publicly traded company emerges from Chapter 11, the stock is typically nullified (by the order of the bankruptcy court) rendering the OTC shares worthless.
Individuals may also file Chapter 11, but due to the complexity and expense of the proceeding, this option is rarely chosen by debtors who are eligible for Chapter 7 or Chapter 13 relief.
", once a publicly traded company emerges from Chapter 11, the stock is typically nullified (by the order of the bankruptcy court) rendering the OTC shares worthless."" belangrijkste gedeelte uit de text
Kortom er is kans dat ze waardeloos aflopen
mvg
thorr