When a company announces it has filed for Chapter 11 bankruptcy does the stock then become worthless?

Can you answer Midwest Gregg’s question about Bankruptcy?:

RH Donnelly (RHDC) announced it is going Chapter 11 today and I ownstock in the company. Will it go to zero today and become worthless?

Get a Money-making Website

SEO Powered by Platinum SEO from Techblissonline