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When Delta Airlines emerges from Chapter 11 does the stock purchased during the reorganization process become worthless or roll into the new company shares?
Pianoman1955
Delta Air Lines Inc. shares will probably be canceled as part of the company's bankruptcy, just like shares left by United Airlines parent UAL Corp. and US Airways Group Inc during their Chapter 11 reorganizations. "We're not expecting the stock to survive the reorganization process," Delta Chief Financial Officer Edward Bastian said during a break in hearings on the company's dispute with its pilots union. Delta warned investors in November of 2006 that the shares might be wiped out and urged caution in buying them.
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∙ 17y ago
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A Chapter 13 bankruptcy filing is called a?
reorganization
What is chapter 13 reorganization?
There is no such thing. Business entities cannot file for chapter 13, only persons. Chapter 11 is for reorganization of business entities, or for persons who owe more than $360,475 in unsecured debts and more than $1,081,400 in secured debts.
How long after filing chapter 11 can you file chapter 7?
Chapter 11 is virtually always on for CORPORATIONS and is a "reorganization" rather than a liquidation. Chapter 7 dissolves the corporation. C-7 can happen, and frequently is, shortly after C-11 (actually converting the C-11), especially if no viable reorganization plan can be found.
Keep home under chapter 11?
C-11 is normally for Corporations in a reorganization.
What is the definition of Chapter 11 bankruptcy?
To somewhat oversimplify: Chapter 11 is "reorganization" for Corporations or a business, & Chapter 13 is a very similar thing for people. Debts and life are paid off/down and things re-organized. Chapter 7 is flat-out, busted-broke bankruptcy - out of business, not a penny left.
Can your Chapter 11 be dismissed due to plan payments?
Chapter 11 is a corporate business bankruptcy where a reorganization plan is made while operating under protection. It is not a Chapter 13 with a specific payment plan.
What are some of the biggest success stories of companies that have went from Chapter 11 to being successful?
Continental Airlines? Continental Airlines? Continental Airlines?
What does chapter 11 bankrupty mean?
Chapter 11 is a form of bankruptcy that involves a reorganization of a debtor's business affairs and assets. It is generally filed by corporations which require time to restructure their debts.
What is the legal proceeding that frees someone from repaying debts acquired before the time of proceeding?
Bankruptcy Chapter 11 Filing Reorganization
What is the chapter 11 of the bankruptcy law all about?
The chapter 11 of the bankruptcy law permits reorganization under the bankruptcy laws of the United States of America. Chapter 11 is available to every business and to individuals, although it is mostly used by businesses.
What is the typical time span for filing Chapter 11 including confirmation and successful completion of the reorganization plan?
http://wiki.answers.com/Q/What_is_the_typical_time_span_for_filing_Chapter_11_including_confirmation_and_successful_completion_of_the_reorganization_plan"
Do you have to turn in your lease vehicle once you file Chapter 13?
Chapter 13 is a reorganization of debt. I wouldn't think so as long as you reaffirmed the loan. Yet read the contract and see if this is even possible
