Originally Posted by
MainlineFlyer
No. You are buying pieces of a company including it's assets and a cut of its earnings along with voting rights. In CH11 all of that is taken from you and given to bond holders in exchange for debt relief. They get your shares in the newly re organized company and you get nothing.
.... And sometime in the future, the bondholders convert the debt to equity and then take the company public.
This is how debt holders cash out. Been there, done that.
S