How are LEAP calls treated during a chap 11 restructuring? I know that during a bankruptcy the shareholders are last in line to get paid or covered and are usually wiped out, but options aren’t controlled by the company but just a contract between a buyer and seller. What happens if you hold a 1 or 2 year LEAP call that doesn’t expire until after the company comes out of their restructuring and has re-issued new shares to the debt holders and is back in operation, does the person who sold you the LEAP still owe you X Shares of the stock at that price?
Submitted September 24, 2021 at 10:31AM by chopsui101 https://ift.tt/3AEfvUl
