Company went bankrupt. Now what?

Discussion in 'Ask any question!' started by Cameron Freeman, Jun 18, 2019.

  1. Cameron Freeman

    Cameron Freeman New Member

    Joined:
    Jun 18, 2019
    Messages:
    1
    Likes Received:
    0
    A couple months ago a company in my portfolio, Synergy pharmaceuticals, went bankrupt. I'm young and relatively new to the stock game, so I'm having a difficult time figuring out what's going to happen. The more research I do the deeper down the rabbit hole of uncertainty I go as they all seem to claim something different will happen. Will investors be compensated, if so how will that work. Thanks to anyone who replies
     
  2. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    9,046
    Likes Received:
    3,268
    As a shareholder, sorry to say but you are out of luck.

    The shares are worthless.

    If by some strategy they come out of bankruptcy, your shares are not coming back.

    Any class action lawsuits are just ambulance chasers, nobody will make money back from that except the lawyers.
     
  3. Gaggi

    Gaggi New Member

    Joined:
    May 8, 2022
    Messages:
    1
    Likes Received:
    0
    Most likely you will lose all your income and the money you have invested in this company, however, you can try to hire these lawyers https://ndandp.co.uk/insolvency-claims / that can help you partially save your money that you have invested in this company. If you don't do anything, you will lose all your capital, it will be very sad to part with money, but this happens and very often companies can go bankrupt in an instant and all the shares and people who bought them will also lose money along with this company. I wouldn't wish such a fate on anyone, not even my worst enemy. Good luck solving this situation friend!
     
    #3 Gaggi, May 12, 2022
    Last edited: May 14, 2022
  4. urbnsr

    urbnsr New Member

    Joined:
    Aug 20, 2021
    Messages:
    7
    Likes Received:
    0
    I had the pleasure of experiencing a similar situation. I held Frontier Communications and their stock became worthless. In my ignorance, I assumed all of their customers lost service. Ha! The company is still providing service, so I have to wonder: If a company is facing bad times, how easy is it for a company to manufacture a collapse just to clear their obligation to share holders.

    Am I supposed to place my trust in some judge to make sure there is no fraudulent claims? I'm not sure I want to know the answer.
     

Share This Page