Bankruptcy laws question- on Lehman Brothers in particular.

[Silent Hunter]

I just watched The Last Days of Lehman Brothers, a fact-based drama on the BBC and I'm a bit confused.

Because Lehman Brothers filed for Chapter 11 protection, does that mean it still exists as a corporate entity?

[Southern Senator North Carolina Yankee]

I just watched The Last Days of Lehman Brothers, a fact-based drama on the BBC and I'm a bit confused.

Because Lehman Brothers filed for Chapter 11 protection, does that mean it still exists as a corporate entity?

From what I gather, which may be wrong, banks are treated differently then other companies. One get a great stock thats guarranteed to perform well. Buy Lehman, its only a dime. http://finance.yahoo.com/q?s=LEHMQ.PK

I wonder why it says the 1 year estimate is $8?

[phk]

I just watched The Last Days of Lehman Brothers, a fact-based drama on the BBC and I'm a bit confused.

Because Lehman Brothers filed for Chapter 11 protection, does that mean it still exists as a corporate entity?

From what I gather, which may be wrong, banks are treated differently then other companies. One get a great stock thats guarranteed to perform well. Buy Lehman, its only a dime. http://finance.yahoo.com/q?s=LEHMQ.PK

I wonder why it says the 1 year estimate is $8?

Wow the call options are dirt cheap. If it does go up to $8, it might be a good buy.

[Southern Senator North Carolina Yankee]

I just watched The Last Days of Lehman Brothers, a fact-based drama on the BBC and I'm a bit confused.

Because Lehman Brothers filed for Chapter 11 protection, does that mean it still exists as a corporate entity?

From what I gather, which may be wrong, banks are treated differently then other companies. One get a great stock thats guarranteed to perform well. Buy Lehman, its only a dime. http://finance.yahoo.com/q?s=LEHMQ.PK

I wonder why it says the 1 year estimate is $8?

Wow the call options are dirt cheap. If it does go up to $8, it might be a good buy.

Why would it go to $8? And why do they still trade stocks of certain Bankrupt companies? GM isn't traded anymore. 

[Sam Spade]

Lehman Brothers bankruptcy filing is what is called a Chapter 11 liquidation.  Basically, Chapter 11 liquidation is used when the company wants to sell off its assets quickly and has some type of plan for doing so thereby avoiding the Trustee-controlled Chapter 7 plans.  IMO, the Lehman bankruptcy was filled with great corruption from the government influencing the judges (as were many others before and after in this area).

You can go dick around in the bankrupt stock if you want to, but it is worth zero because when the liquidiation finally completes there will be no funds to pay off stockholders.