Srockholders are NOT creditors...in fact they are the owners of the company....the same ones that asked for protection in BK.
The advantage to being a stockholder is your only liable up t the amount...
Lehman Brothers became bankrupt as a large part of their loan portfolio comprised of loans for buying real estate. With the meltdown in the property market in US the values of properties became...
i can tell you why and how lehman brothers went bust from a person that was offered 2nd command of company 1996 eg mee dick fuld called me on the phone November 17th 1996 as i held the IQ history...