what happen to stock when company file chapter 11?
I have some CIT stocks. what happens if they file bankrupcy (chapter 11)? It looks like they are going to file pre-packaged ( i believe ch11), within next couple day. Is my stock going to be valued {content} ? What if I decide to keep the stock for long term? If the company restructure and do well after many years, is it worth it to keep the stock?
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