> In the case of GM, investors who held shares of the company before its reorganization saw their equity holdings cancelled in March, 2011. Per the company's re

> In the case of GM, investors who held shares of the company before its reorganization saw their equity holdings cancelled in March, 2011. Per the company's reorganization plan, they did not receive any shares of the "new" GM. http://www.fool.com/investing/general/2016/02/23/what-a-corporate-bankruptcy-means-for-shareholders.aspx http://www.fool.com/investing/general/2016/02/23/what-a-corp...