Thread regarding Linn Energy LLC layoffs

What happen if Liin goes bankrupt will all loose our shares

I mean we have worthless shares but if Liin goes bankruptcy what would happen to our shares would will lose them or what ?

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Post ID: @OP+GOx0Qqv

4 replies (most recent on top)

If you can get them, when Linn emerges from bankruptcy, buy preferred shares. They get paid before common shares.

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Post ID: @Uujz+GOx0Qqv

If they do a restructure (Chapter 11) then the company continues to exist but the debt holder becomes the new owner (shareholder). It doesn't necessarily mean your shares disappear but they very well could. If they do a Chapter 7 bankruptcy then the company no longer exists and all of its assets are sold in order to pay the debts... which means your shares go away.

You have to understand that your shares mean that you are an owner of the company. Which means that the debt is also yours and if the creditors decide they want their money... as an owner you have to pay up which likely means losing your ownership in the company.

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Post ID: @5zvu+GOx0Qqv

Well that's a good question what would happen if something like that happen ??

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Post ID: @wvk+GOx0Qqv

You are among the fortunate few to be employed at this point, screw the shares...

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Post ID: @tuw+GOx0Qqv

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