what happens bankruptcy

If a big company like General Motors files for bankruptcy, what happens to my shares?

I suppose, in a chapter 7, it is simply gone, But what about chapter 11? Thanks.

Pfffft! How to smoke disappear by magic. There may be some provisions in the bankruptcy repurchase stock for a few Cents on the dollar, but do not rely on them. in the case of Chapter 11, the company still exists. Your shares will be at a greatly reduced value, but it wants to be worth something. When your h old on, and the company comes out of bankruptcy, your stock could be worth more than it is now. If GM is bought by another company, your stock in another company in exchange for their shares will receive from GM.

Finance & Investment Tips : What Happens in Bankruptcy?

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