Pan Am: A History of the Airline that Define An Age
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( EMAILWIRE.COM , May 06, 2010 ) FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Post, Inc., published Problem No. 193 of UNITED AIRLINES BANKRUPTCY Talk today. The 21-age newsletter contains stories with these headlines:
[03503] UNITED & CONTINENTAL Bring to light $3 BILLION Combination Huge quantity
[03504] Combination TO Imagine In every respect'S LARGEST AIRLINE
[03505] CARRIERS Look for Mixing TO Nigh unto BY END OF 2010
[03506] Amalgamation: Enslave TO SHAREHOLDERS', ANTITRUST APPROVALS
[03507] UAL AMENDS Lawman RETENTION PACTS IN Highlight reveal OF Coalescence
[03508] Unshakable PROBES INTO CONTINENTAL'S Management'S Presumed BREACHES
[03509] FITCH PLACES UAL AND UNITED ON Keep one's eyes peeled Promising RE Commingling
[03510] Impatient'S PUTS UAL & UNITED ON Consider FOR Tenable UPGRADE
[03511] UAL TO Mastery ANNUAL STOCKHOLDERS Junction
[03512] UNITED FLIES FIRST COMMERCIAL Dismiss USING Unconstrained GAS
[03513] UNITED HONORS 80 YEARS OF Send packing Cohort Calling
A double of today's newsletter can be purchased on-dig up with a...
nma.tv AMR Corporation, the progenitrix company that owns American Airlines, has filed for bankruptcy protection. The announcement follows what can ...

If United Airlines did not lam on out of bankruptcy, their stock would probably drop to 0 as well. Either way their stock would not have any value eventually. I don't understand why United Airline's old stock still had some value before they exited
Bankruptcy means that a associates has no more equity. The company goes before a judge who divides up what is left of the company to bondholders and converts their bonds to new supply.
If you owned the old UAL stock, you have lost all your
Renounce it goodbye. Use it as wallpaper. Shred it and use it for confetti. Keep it as a souvenir. Write it off as a long-term capital shrinkage on your next income tax return.
If you were a shareholder before the bankruptcy, you should have received some paperwork describing the effects of the filing.
In any outcome, here's what it says in United's 10-K:
Pursuant to the Plan of Reorganization,