What do you do when a stock investment goes bankrupt?
I bought some shares or GM awhile back and stop paying attention to the market when I started school.
As of now GM has gone bankrupt and they keep sending me a letter but in all honesty I am not sure what i am suppose to do.
It says all transferred and trades must be approved or something,
But any how what do I do,
Better yet what am I allowed to do with bankrupted stock?
I don’t have a broker,
Will it be the same if I do it myself?