There have been a lot of developments since I last wrote an article covering securities of companies in Chapter 11 bankruptcy. It is critical for investors who trade these securities to not only follow the companies in which they have financial interest, but to keep current with other bankrupt companies. A Ch.11 bankruptcy process does not occur in a vacuum. Many investors, including hedge funds, have been burned badly with illogical bankrupt securities trading recently.
EXCO Resources Could Be A Long Boring Ch.11 Case
EXCO Resources (OTCPK:XCOOQ) has been in Ch. 11 for six months,