re: #247 Obdicut

In order to go through chapter 11, you have to get loans, the creditors have to all agree, and the stock gets delisted. If you go into chapter 11, the court is guaranteeing the company anyway and gets to make all kinds of decisions about how it operates; it’d still have been the government in control.

I don’t think delisting the stock is part of Chapter 11. Companies can exit Chapter 11 and still have shares outstanding.

Nothwest Air, Chrysler the first time….