KEY TAKEAWAYS
Will T file for Chapter 11 bankruptcy to allow to reorganize and restructure its massive debt while receiving protection from creditors?
Stock values are adversely affected by bankruptcy speculation, and even more so by the actual filing.
After filing for Chapter 11, the company's stock will be delisted from the major exchanges.
Common stock shareholders are last in line to recover their investments, behind bondholders and preferred shareholders.
As a result, shareholders may receive pennies on the dollar, if anything at all.
GAME OVER