What happens to the subsidiaries that are excluded from Chapter 11 bankruptcy?
August 18, 2009 by Bankruptcy and Debt Settlement Tips
Filed under More Bankruptcy Answers
Can you answer gita’s question about Bankruptcy?:
Lets say that a company files for bankruptcy under Chapter 11 but some of its subsidiaries are excluded from the filing (example - Lear Corp). Lets say that, as a result of the bankruptcy, the equity is “wiped out” and the common stock goes to zero. My question is - who becomes an owner of the subsidiaries that were excluded from the bankruptcy?
Thank you.
Do It Yourself Bankruptcy
Lets say that a company files for bankruptcy under Chapter 11 but some of its subsidiaries are excluded from the filing (example - Lear Corp). Lets say that, as a result of the bankruptcy, the equity is “wiped out” and the common stock goes to zero. My question is - who becomes an owner of the subsidiaries that were excluded from the bankruptcy?
Thank you.
Do It Yourself Bankruptcy
What happens to the subsidiaries that are excluded from Chapter 11 bankruptcy?
August 6, 2009 by Bankruptcy and Debt Settlement Tips
Filed under More Bankruptcy Answers
Can you answer gita’s question about Bankruptcy?:
Lets say that a company files for bankruptcy under Chapter 11 but some of its subsidiaries are excluded from the filing (example - Lear Corp). Lets say that, as a result of the bankruptcy, the equity is “wiped out” and the common stock goes to zero. My question is - who becomes an owner of the subsidiaries that were excluded from the bankruptcy?
Thank you.
Personal Debt Settlement
Lets say that a company files for bankruptcy under Chapter 11 but some of its subsidiaries are excluded from the filing (example - Lear Corp). Lets say that, as a result of the bankruptcy, the equity is “wiped out” and the common stock goes to zero. My question is - who becomes an owner of the subsidiaries that were excluded from the bankruptcy?
Thank you.
Personal Debt Settlement
