Tip - Does a shareholder lose all of their equity once a Chapter 11 bankruptcy is filed by the company?

When a company files for Chapter 11 bankruptcy, the management of the company is still in charge of the daily operations. That said, significant business decisions, especially those pertaining to debt or debt securities, are sent to the bankruptcy court for approval.
Tags: bankruptcy,chapter 11,chapter 7,bear market,recession,business bankruptcy,corporate governance,shareholders,otc bulletin board