Bankruptcy Bandit

The closecall with Sirus XM (SIRI) should have everyone thinking. When a company goes bankrupt all is not lost. The bankruptcy of Midway (MWYGQ.PK) could make someone really rich because of some shady dealings. By one estimate a 30,000% return on $100,000. If you get paid first (secured debt, preferred stock) when a company goes bankrupt, you may still profit. If you’re a common shareholder, you will be last in line to get paid.

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