Lehman Brothers (LEH) is now in bankrupcy. Will it pull out? Weren’t most of the airlines in bankrupcy a while ago?
Lehman stock price was at 80 a year ago, now at 20 cents. Should I buy 500 shares for 100 dollars?
If it rebounded to 80 in 10 or 20 years, that would be worth 40000.
Under chapter 11 the company will reorganize and issue new stock. Investors will have to buy the new issue if they want it. The existing stock will eventually stop trading. There is no equity in the existing stock and it is worthless.
I'm wonder what the new laws in PA when you claim Bankruptcy, maybe a good website that i can get information from??
Among its many changes to consumer bankruptcy law, BAPCPA enacted a "means test," which has made it more difficult for a small number of financially distressed individual debtors whose debts are primarily consumer debts to qualify for relief under Chapter 7 of the Bankruptcy Code. If a debtor does not qualify for relief under Chapter 7 of the Bankruptcy Code, the debtor may still seek relief under Chapter 13 of the Code. BAPCPA also requires individuals seeking bankruptcy relief to undertake credit counseling with approved counseling agencies prior to filing a bankruptcy petition and to undertake education in personal financial management from approved agencies prior to being granted a discharge of debts under either Chapter 7 or Chapter 13.
I’m curious to know if United Airlines is going bankrupt or if they are close to it? How can I tell?
come on guys, do you know if there is a way to tell if an airline is going out of buisness? Not only UA but anyone in general.
i’m not sure why you would think that of UA?
When they file for chapter 11 that’s an indication that there is trouble
We find the location of the Seventh and last Crystal Star, and as expected it’s…
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Chapter 13 (A National Failure To Save): “The next twenty years are going to be completely unlike the last twenty years.” — Dr. Martenson. Chapter 13 begins his explanation for this deeply held belief. On every level of our society, there has been a failure to save. Individuals, cities, counties, states, and corporations have all failed to save, but, more importantly, so has our federal government. Our government has pursued a reckless policy of debt accumulation, while neglecting saving and investing, leading to Dr. Martensons claim that the United States is insolvent. Insolvency, which occurs when ones liabilities exceed ets, is first step on the road to bankruptcy.
http://www.chrismartenson.com
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General Motors is set to file for bankruptcy protection, a move that will allow the car giant to be carved into two companies: an old GM with so-called “bad ets” and a new GM containing profit-making plants and popular brands such as Chevrolet and Cadillac.
As Al Jazeera’s John Terrett and Owen Fay explain, the chapter 11 protection will give the struggling car company one last chance to either shape up or go under.
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Visist: http://philadelphiabankruptcylawoffice.com/
The bankruptcy laws are designed to help people get a fresh start. People encounter financial problems as a result of many reasons including divorce or separation, family problems, illness, loss of income, injury, job loss, failed business, medical problems, disability, death of a family member, gambling problems, unexpected expenses or out of control credit card debt, high interest rates, mismanagement of funds or other reasons. When good people have financial problems, they own it to themselves to consider bankruptcy. Bankruptcy is an honest solution to your financial problems.
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Ted Michalos of Hoyes, Michalos & ociates, Bankruptcy Trustees answer questions about declaring 
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10/6 Lehman Bankruptcy