Posts Tagged ‘stock’

What happens to stock if the company goes bankrupt but then comes back into business?

I have purchased some stock of CIT when it was $.30 . For about 3 months it went about and down in value and then eventually the company when bankrupt. Now its out of bankruptcy and the stock is work .

I never sold or gave up my stock, so are they still something?

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Technorati Tags: bankruptcy, stock

Own stock in company that has gone bankrupt?

I bought stock in a company in 2000. The company went bankrupt in 2001. I still have the stock in my brokerage account. Can I still claim capital loss on those shares in this year’s tax return?

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Technorati Tags: brokerage account, stock, tax return

What happens to my stock if a company goes bankrupt?

I own stock in a company that is facing bankruptcy. Will I lose my stock if the company is acquired by another company or will I lose my stock if they go bankrupt and do a reorganization settlement/agreement with their creditors?

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Technorati Tags: bankruptcy, creditors, reorganization, settlement agreement, stock

What do you do when a stock investment goes bankrupt?

I bought some shares or GM awhile back and stop paying attention to the market when I started school.

As of now GM has gone bankrupt and they keep sending me a letter but in all honesty I am not sure what i am suppose to do.

It says all transferred and trades must be approved or something,

But any how what do I do,

Better yet what am I allowed to do with bankrupted stock?
I don’t have a broker,

Will it be the same if I do it myself?

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Technorati Tags: gm, honesty, paying attention, stock, trades

Federal Mogul went bankrupt and issued warrants for their shares. Can I write this off on my taxes?

I bought 1000 shares of Federal Mogul several years ago. They just emerged from bankruptcy in December 2007 and told us that the stock is under a new name and that they were issuing warants for the "new" stock. Can I write this off as bad debt somehow? I did not sell the stock for a loss, it went bankrupt.

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Technorati Tags: bad debt, bankruptcy, federal mogul, stock