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That would be an extremely risky move. In all probabilities, the stock of the bankrupt company would get de-listed from the exchange and you may not be able to sell them at all. The chances of the company taken over by someone else and then get the stock re-listed etc are difficult events which may take years.
So if you feel a company is going bankrupt - the wisest move would be to exit your holdings.
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∙ 14y ago
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Can you buy GM common stock?
Yes and no. You cannot but stock in the "New GM" (the company that just came out of bankruptcy), but you can buy stock in the company that was GM (but why would you want to?).
How can I buy a motorcyle during bankruptcy?
I hate to break it to you but in my opinion you can not afford to buy a motorcycle if you are in bankruptcy unless you have cash saved up.
When can you buy stock if you are in bankruptcy?
Normally you can buy stock through a bank if you have an account. If you dont have an account you can try thru a discount broker like Schwab, as long as you have the funds available and can show them you should be able to set up an account and purchase a stock.
What will happen to your stock if gm files bankruptcy?
your stock will go to 30 dollars!
How do you buy stock in the company?
Stock (equity) can be bought during the original first public issue by a company and by the secondary market (stock market)
Should you Buy GM stock now?
5/30/09 If you want to lose your money, you have a better chance in Vegas. After GM declare bankruptcy the stockholders are the last to be paid, which mostly likely be nothing. Wait until after the bankruptcy.
When GM emerges from bankruptcy is the old stock still viable or is it worthless?
The bankruptcy court has not yet decided. The latest proposal is for it to be exchanged for warrants. Warrants sometimes have value. They can be traded for stock if the stock reaches a certain value before the warrants expire. However, a bankruptcy judge must approve all the proposals.
How often can a airline file bankruptcy?
Currently many people thinks that american airlines will end up in bankruptcy. But American airlines stock gains after filing bankruptcy.
After Chapter 7 bankruptcy has been Discharge can buy a home?
After Chapter 7 bankruptcy has been Discharge can buy a home
Can you buy a house if you have filed bankruptcy?
No.
When would be a good time to buy UAL stock?
A good time to buy United Airlines stock would be right before a big holiday such as Christmas. The stock in United Airlines will likely rise during this time and then can be sold for more after the holidays.
Did Solutia stockholders lose number of shares owned after bankruptcy?
I OWNED SOLUTIA STOCK IN 1997 WHEN IT WAS A SPINOFF OF MONSANTO CHEMICAL CO. IN 1997.I STILL HAVE IT NOW BUT WANT TO SELL IT. MY BROKER SAYS IT IS NOT WORTH ANYTHING $0.00. sO WHEN SOLUTIA WENT INTO BANKRUPTCY IN 2003 DID I LOOSE ALL MY MONEY DURING THE BANKRUPTCY? dID EASTMAN cHEMICAL GIVE PREVIOUS SOLUTIA STOCK HOLDERS FROM 1997 ANY MONEY FOR THEIR STOCKS? THANKS ANITA
