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After youve painstakingly done your research on what stocks to buy or which company to invest in, if that company then files for Chapter 11 bankruptcy it can hit you hard, especially in the wallet. Any investment comes with a level of risk, and knowing the entire financial outlook of where you invest your money can help, but what if that is not enough? Where do your options go and what happens to a stock when a company goes bankrupt?
What Happens to a Stock When a Company Goes Bankrupt: Quick Take
If a company you invested in files for bankruptcy, here are some critical points to keep in mind as a common stockholder:
- With Chapter 11 bankruptcy, the company is asking for a ch…
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