When tapped to conduct plan solicitation, I am all too often amazed to learn that a debtor has publicly traded stocks or bonds and that it has erroneously intended to simply serve plan solicitation materials on the registered holders of those securities.
Navigating PubliclyTraded Securities When Soliciting a Chapter 11 Plan
Just because a company's stock is not publicly traded doesn't mean it doesn't have publicly traded debt. Churches, utilities, and hospitals are common types of debtors that issue debt, but many others do as well.
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