| Stock in Bankrupt Company (Adelphi) |
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allan
First Time Poster
Cash: $ 0.00
Posts: 1
Joined: 11 Aug 2004
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| Stock in Bankrupt Company (Adelphi) |
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Guys what happens when you own shares in a company and then it files for bankruptcy? Do the shares then become worthless or do you maintain ownership in the entity as it exits bankruptcy?
I own shares of Adelphi and want to keep them but I do not know what will happen when they come out of bankruptcy?
Thanks
Allan 
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Wed Aug 11, 2004 3:08 pm |
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Andrew
Admin
Cash: $ 467.10
Posts: 1717
Joined: 02 Nov 2003
Location: Texas
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Ouch! Well, that's a good question!
Generally this is bad news with no silver lining for the regular investor like you or me who holds common stock shares. If there is any chance of the stock ever regaining some value, it will depend on what type of bankruptcy the company is going thru and if they are able to eventually work through that bankruptcy and return to being profitable. Check out this article for details...
http://www.fool.com/foolu/askfoolu/2001/askfoolu011024.htm
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Wed Aug 11, 2004 3:50 pm |
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