Legal Question in Bankruptcy in Nevada
current stock emerging from Chapter 11
what are the rules regarding current shareholder rights on companies emerging from Chapter 11? Do they receive new stock or do they lose everything?
Asked on 12/19/06, 9:29 am
1 Answer from Attorneys
Jeffrey Cogan
Law Offices of Jeffrey A. Cogan, Chartered
Re: current stock emerging from Chapter 11
Depends on the plan. Usually, shareholders get stock certificates of the new corporation but the value is much less than what you probably paid for the original stock.
Answered on 12/19/06, 10:59 am
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