WSB popular trading stock $Bed Bath & Beyond(BBBY)$ filed for Chapter 11 bankruptcy protection on April 23 after its last financing attempt failed earlier this month, marking the end of an era. Although BBBY has high trading activity in the secondary market, its market value is only slightly over $80 million, even less than a small PE fund. Chapter 11 bankruptcy cases begin with filing a petition to the bankruptcy court where the debtor resides or conducts business. The petition can be voluntary and submitted by the debtor or involuntary and submitted by creditors who meet certain conditions. The court will help restructure the company's debts and obligations. In most cases, companies continue to operate normally during this time under what is
BBBY Bankruptcy: Is Dead Cat Bounce Possible?
Bed Bath & Beyond filed for bankruptcy protection and has asked the courts for permission to auction its assets. ------------- Is dead cat bounce possible? How do you view the fall of physical retail store?
