BED BATH & BEYOND Forum: Community User: Storm300018

Waren die shares bei Hertz eigentlich auch gecancelt? Da sollten die Shareholder am Anfang der Pläne ja auch leer ausgehen. Warum hat da keiner die shares gecancelt?

"In a Chapter 11 bankruptcy case, if the bankruptcy plan is modified to provide shareholders with a recovery or a portion of the company's equity value, it typically involves some form of reissuance of shares or the creation of new shares. Here's how it might work: 1. **Plan Modification**: The bankruptcy plan would need to be amended and approved by the bankruptcy court and the relevant stakeholders, which might include creditors and shareholders. 2. **Reissuance of Shares**: The company may issue new shares or reissue some of the previously cancelled shares to shareholders. These new shares would represent their ownership stake in the restructured company based on the revised terms of the plan. 3. **Distribution of Value**: Shareholders could receive these new shares as part of their recovery, and the value of these shares would depend on the company's post-bankruptcy financial performance. 4. **Allocation of Equity Value**: The modification of the plan would specify how the equity value is allocated among creditors and shareholders. It's important to note that the specifics of how this process works can vary widely depending on the details of the bankruptcy case, the negotiated terms, and the approval of the bankruptcy court. Shareholders would typically need to agree to the modified plan, and the court would need to ensure that the new plan is fair and feasible."

Alles chatgpt, also mit Vorsicht genießen. Wenn es aber stimmt, würde es heißen, dass gecancelte shares bei einem plan modification wieder aus dem Grabe auferstehen könnten, in welcher Form und Farbe auch immer. Ob das bei Bobby nun passiert oder nicht, steht auf einem anderen Blatt.

"If a Chapter 11 bankruptcy plan were to change and it's determined that there is more equity value in the company than previously anticipated, it could potentially lead to a scenario where shareholders receive some recovery for their cancelled shares. Here's how this could happen: 1. **Plan Modification**: In some cases, a Chapter 11 bankruptcy plan can be modified or amended if circumstances change. Creditors and shareholders might agree to a revised plan that allocates some of the increased equity value to the shareholders. 2. **Equity Issuance**: The company might issue new shares to shareholders, providing them with a stake in the restructured company based on its new equity value. 3. **Additional Distributions**: If the company generates more value than initially projected after emerging from bankruptcy, it may make additional distributions to stakeholders, including shareholders."

"If the Chapter 11 bankruptcy plan explicitly states that all of the company's equity interests, including common stock and preferred stock, were cancelled on the Effective Date without consideration and have no value, then this indicates that the shareholders' equity has been wiped out. In such cases, it's unlikely that these cancelled shares will have value in the future based on the terms of the confirmed plan. However, there might be exceptional circumstances or legal developments that could potentially change this outcome, but they would be quite rare."

Dazu passend meine Konversation mit chatgpt, die aber auch nicht stimmen muss: When shares are deemed cancelled and worthless as part of a Chapter 11 bankruptcy proceeding, they typically represent a significant loss of value for shareholders. However, there are a few scenarios in which these shares might potentially have value in the future: 1. **Emergence from Bankruptcy**: If the company successfully restructures, reduces its debt, and emerges from bankruptcy as a financially stable entity, it might issue new shares or securities to existing shareholders as part of the reorganization plan. These new shares could potentially have value if the company's financial performance improves.

Weiß jemand was jetzt mit BBBY passiert ? Wie läuft es jetzt weiter ? Ich habe noch Aktien in TR aber kann nicht handeln. Wie läuft es eig mit BBBY weiter ?

Gute Nacht allerseits.

Aber wie gesagt, da es den Fall mW noch nie gab ist chatGPT da auch nicht sehr verlässlich.

In anderen Worten, selbst wenn sie ne Goldmine finden gibts nix mehr.

ChatGPT zu dem Fall (aber ACHTUNG: ich bezweifle, dass die belastbar ist): "So what happens in that case with money left over?" ChatGPT If there is money left over after all the debts and expenses have been paid in a Chapter 11 bankruptcy where shares have been canceled, it would generally go to the creditors and not to the equity holders (shareholders). Creditors are typically prioritized in bankruptcy proceedings, and they receive funds before equity holders, as equity holders' shares have been canceled and rendered worthless. Any remaining funds would be distributed among the various classes of creditors based on the bankruptcy plan and court orders, following the established order of priority. Shareholders typically do not receive any of these remaining funds unless there are specific circumstances or legal agreements that dictate otherwise, which would be unusual in a Chapter 11 bankruptcy with canceled shares.

Das Ergebnis ist ja eine richterlich genehmigte Konsensentscheidung der Schuldner, die noch etwas bekommen.

Jup so isses

Gläubiger meine ich. Nicht Schuldner

Dafür gibt es ja unterschiedliche Rechtsformen der Insolvenzabwicklung. Weder die Firma, noch der Insolvenzverwalter entscheiden etwas aus dem Bauch heraus, sondern um das Maximum für alle Schuldner rauszuholen.

Ich hatte den Fall auch gegoogelt, scheint einfach noch nie vorgekommen zu sein, was ja auch Sinn macht. Wenn es irgendwie auch nur minimal wahrscheinlich wäre, dass das passiert wäre man vsl anders vorgegangen.