Where does a company’s wealth go if they go bankrupt?
In: 7
They have no “wealth” (i.e. net worth) which is why they went bankrupt.
What they MAY have is assets, along with entities that have a claim on those assets. A bankruptcy court or trustee decides who gets what percentage of those assets.
In general, secured creditors (who have legal claims on specific assets pledged as collateral) get paid first, then unsecured creditors, then equity holders (such as stockholders). Usually there isn’t anything left for the equity holders.
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