Can I cash my 401k plan in while my company is in chapter 11 bankruptcy? Is the company 401k plan in jeopardy if the company files chapter 11 bankruptcy?
I'm 21 and I moved back in with my mother a year ago so I could go back to school. She's filing bankruptcy (chapter 7) and I know her stuff is at risk of getting sold, but what about mine? I have a computer, a car, and quite a few other things of value that I paid for with my own money.
When a public company files for Chapter 11 bankruptcy , and its stock continues to trade . How long does the law allows the company to reach a bankruptcy plan ? Where I can find the presentations that the company has submitted to the court judge ? What are the various legal steps and deadlines, the company has to go through before it can emerge from Chapter 11 ?
If I buy shares in a company and then the company files for chapter 11 bankruptcy , what happens to the stock?
I have a total of 67K and 401K combined in a pension plan . ( will pay visa debt ) and cash im . I live in California and would like to know the exact amount you would get after taxes all state / federal / penalty .
Other than selling it right now, if the company files for 13 does the stock become worthless or is that only if it files for Chapter 7?
As a shareholder , is there anything I need to do ? Legal records or whatever ?
I am a former employee of a company that is presenting for Chapter 7 and the employee has not been paid in full on time and we would get some money due to us .
What happens to the holders of common stock if a company files for Chapter 11 bankruptcy ?
I mean, if you own shares in the company , you lose all of your investment , or you can hold the stock during the restructuring , with the hope of a better future ?
Score like declaring straight bankruptcy?
I am interested in buying shares of either Chrysler or GM druing this restructuring. If they go bankrupt , its shares are listed yet? And if so , if the purchase and the company emerges from bankruptcy to the shares still valid , although not worth much ? I have curious because I'm thinking of buying less than 100 shares and holds them until the company is gone or recovering . If I lose , I 'm only a few dollars ... What do you think ?