Occasionally, publicly listed companies go bankrupt. The company's shareholders, depending on the type of stock they hold, may be entitled to a portion of the liquidated assets, if there are any left over. However, the stock itself will become worthless, leaving shareholders unable to sell their defunct shares.
Tags: defunct,bankrupt,insolvency,insolvent,no money,common share,common stock,preferred shares,preferred stock,shareholders,liquidation,business bankruptcy,corporate debt
