I have stock in American Home Mortgage and it declared bankruptcy. Can I recover anything?

I am still holding shares of American Home Mortgage which declared bankruptcy several weeks ago. The share price has plummeted and is almost worthless at this point. Do I continue to hold this position? Do I sell these shares that are worth just a few bucks? Will I recover anything as part of a class-action suit, etc.? I’m ready to just write this off as an almost total loss but I’d like to find out if I’m entitled to anything.

Related posts:

1. I lost my home through foreclosure,under the new mortgage bailout is there any recourse when the banks come?
2. If Countrywide goes bankrupt, what happens to its mortgages during during the bankruptcy process?
3. What does it mean when the company that you pay your home mortgage files for bankruptcy?
4. Wiping out 2nd Mortgage in Bankruptcy
5. Central Coast Bankruptcy - Stripping the 2nd mortgage or Equity Line

Tags: american home mortgage, bankruptcy, class action suit, share price

 Print This Post Posted in Home Mortgage