why stocks will likely to go up after chapter 11 bankruptcy?
First I’d like to know something about Chapter 11 bankruptcy. How does it work? some people say it’s a debt reconstruction, it doesn’t actually mean the company goes bankrupt. But why it’s called "bankruptcy protection", how does it relates to bankruptcy?
Second, why the price of a company’s stock will go up after chapter 11 bankruptcy? Do you think right now is a good time to invest in GM and Six Flags inc? Thank you!!
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Categories: personal bankruptcy Tags: bankruptcy protection, chapter 11 bankruptcy, gm, good time, reconstruction, six flags inc, stock