Excuse me for a really unknowledgeable question here, but I'd like to know:
If a company goes through Chapter 11, is it very common to restructure in a way that effectively disowns the loyal shareholders who dared to stick around? Like, converting to new stock leaving the old stock to vanish?
I sold my CHC long ago but still hold a bit of helicopter stock so given the current off-shore situation I might as well learn about this stuff.