Quote:
Originally Posted by Jimellow
Is there any difference between a stock that is bought before a company enters Chapter 11 and stock bought afterward, aside from the price? Stock is stock right, or do they have different classes like some mutual funds?
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Yes.
Outstanding stock at the time a company files for chapter 11 can be canceled.
Delta canceled its outstanding stock when it filed for chapter 11 bankruptcy, so those stocks are worthless, but stock sold since then isn't.