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What happens to GM stockholders after they file for chapter 11?
Wiki User
∙ 14y ago
It will not go to $100. It will most likely become worthless as it will be delisted tomorrow and GM, in fact, plans to sell all of its assets to a new company they are calling the "New G.M." The person who previously answered is wrong, to say the least (but, if I weren't intending for this post to be kept up, I would have added a few choice words in response). In virtually ALL bankruptcies the existing stock becomes worthless. Stock is equity - meaning ownership - in the company. The creditors (that is those the Co owes debts to...bondholders, etc...) generally will not get paid all they are owed and will take losses in the bankruptcy. Clearly it is unfair that the owners would get away with not paying it's debts, but those same owners would get to keep anything of value for themselves....before that happens, the BK process should award/allow the creditors to take the stock as payment. Understand, investing in a Corporation you are at risk only up to the amount of your investment...nothing else. If it wasn't a Corporation, but say a group of partners...the debts of the business would be the debts of the partners....and if the business faile, they wouldn't only lose their investment....but have to pay off the business debts personally too.
Wiki User
∙ 14y ago
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What will happen to GM stock holders if they file chapter 11 bankrupty?
your stock will go back to 100 dollars
What is the ratio of Chapter 7 to Chapter 11 filings for businesses?
what is the ratio of chapter 7 to chapter 11 filings for businesses?
What is the difference between chapter 11 vs chapter 7 bankruptcy?
The major difference between Chapter 11 bankruptcy and Chapter 7 bankruptcy is that Chapter 11 offers more flexibility so that debtors can negotiate terms without having to sell their assets. Under Chapter 7 bankruptcy, the debtor's assets are almost always sold to pay off their debt. Chapter 7 also features a level of debt forgiveness, whereas Chapter 11 does not.
What type of bankruptcy do you file for unsecured debt and a car loan?
There are different types of Bankruptcy. Chapter 7 is for the debtor which has debts like medical bills,car loans etc. But if you want to pay back your debts then you can file Chapter 11 and 13 which has a payment plan. You can pay your debts through payment planning. Try to search more information about bankruptcy and ask a legal advice.
How long will a dismissed bankruptcy stay on your credit?
:A bankruptcy under chapter 7 or 11, or a non-discharged or dismissed chapter 13 bankruptcy generally remains on your credit file for 10 years from the date filed. A discharged chapter 13 bankruptcy generally remains on your credit file for 7 years from the date filed.
Is there a cheap way to file corp chapter 11?
no
Can they attach your furture earnings after you file chapter 11?
Chapter 11 is not commonly available to indivduals, only Corporations.
Can we check if a company file chapter 11?
trinity components
If you are not listed as creditor on chapter 11 bankruptcy?
File a proof of claim
Did Shasta Pools file for bankruptcy Chapter 11 in 2007 or 2008?
No.
What happens in chapter 11 in The Hunger Games?
Read it
If you file chapter 11 can the land lord kick you out?
C-11 is virtually always for Corporations.
Can an independent insurance agency file a chapter 11 and what happens with the companies they write for?
Yes an agency can, you will still have the policy and it will be assigned to another agent or the company itself for future service.
Did Shasta pools file for bankruptcy chapter 11 in 2008 2009 or 2010?
no
Who can file for a Chapter 11 bankruptcy?
Chapter 11 applies to individuals, partnerships, corporations, unincorporated associations, and railroads, although corporations are almost always the petitioners.
If you filed bankruptcy four years ago and remarried can you file joint bankruptcy now?
It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.
Who bought general motors?
The public bought General Motors. The filed for Chapter 11 Reorganization in 2009 and made a pubic offering of stock in 2010. They are owned by the stockholders.
