Is this company trading under brankuptcy protection? Do they still have assests? Thanks.Vinod Srivastava

I am enquiring about Washington Mutual, symbol WAMUQ. Do they still have assets against liabilities? Thanks

Answers

songcon answered a question in Financial Analysis.
511 points

songcon answered one month ago …

But the total asset value are worth much much less than total liabilities, it's a general rule. Even a few companies got cash squeezed and file for chapter 11, they ended up the assets have to be written down. It's not likely that the creditors and bondholders get their credits paid off dollar for dollar when the company emerge from the bankruptcy

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