shares held in private company
April 26th, 2007 by Questions
I understand that shares held in a private company must be declared as an asset – even when the company laid off its employees in 2001 and closed its doors.
My question is what happens to those shares when the bankruptcy is discharged (since no one in their right mind would buy them)?
Who owns the shares after discharge?
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)