dba74

Hey all,

I have searched through the forums and internet and can't quite find an answer. One of my non-airline stocks recently entered bankruptcy and I'm wondering if anyone has held stock in a company that emerged from bankruptcy (Delta, Northwest, United, U.S. Airways, etc.). Did you have the ability to convert old shares into new ones or receive any payment whatsoever? Everything I've read/ heard indicates total loss when shares are voided.

Thanks in advance

flyboy626

Unfortunately you are out of luck if a company goes under you are unable to claim any stock if the company emerges from bankruptcy 9 out of 10 times they have a different stock ticker and is a filed under a different SEC file sorry.

dba74

I guess I'm looking/ hoping for that 1 out of 10 situation where the shareholder got something upon emergence from BK. Thanks

rickair7777

It can happen, but it would be pennies on the dollar. Usually there are enough secured creditors in line ahead of the stockholders so that nothing is left for them.

Winged Wheeler

dba74:

Sorry I can't add any info to answer your question. I was curious though, it sounds from your post as if you hold individual stocks. Might I ask, what is your investment philosophy?

WW

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