Normally when a company has filed for bankruptcy, the trading of its stock is halted, yet I see where UAL stock is still being traded as of right now (12 mllion shares traded so far today.) Why is that?
Thanks for the great explanation, Cloudy, and now that you mention it, I believe someone on another board had said that the America West bankruptcy several years ago was like that, where there was actually some money left for the orignal stockholders.
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