AboutPaul Henneman Expertise Stock forecasting and fair market valuations.
Experience
Past/Present clients CBSMarketwatch.com, Hoovers.com, Multexinvestor.com, Bank of NY, numerous hedge funds and institutions, other partners and clients can be viewed at http://www.valuengine.com/about/careers.html
Question I own Circuit City stock and would like to know what happens to my stock if the company reorganizes, or files bankruptcy, or if it were to get taken over by another company.
Answer Don,
Thank you for your question! Unfortunately it difficult to say what will happen. Every bankruptcy is different, it depends on what chapter of bankruptcy the company uses, and how the bankruptcy is administered. Your shares could still be worth something (sometimes it is even possible to see a positive return), or your shares could be completely worthless.
Below is a link to a government website that describes in detail various forms of bankruptcy, and most importantly for you how it affects stock and shareholders. This site is by the SEC (Securities and Exchange Commission), a government body, so is completely reliable:
