CHKAQ
CHESAPEAKE ENERGY CORP Common Stock
stock OTC

Hello, u/kindsoul17, welcome to the sub. It's great to have you here. Happy to provide some insight today.

It's entirely possible that a stock investment can lose money, and, in the worst-case scenario, the stock value could go to zero and be canceled. Unfortunately, the shares of a company that files for bankruptcy are at heightened risk of the latter occurring.

Generally, once a company has filed for bankruptcy and the symbol is shown with the "Q" at the end, the shares may continue to be traded until the legal proceedings are completed. You may find more information on this process within the prospectus. At this time, the original shares for Chesapeake Energy under the ticker symbol CHKAQ have been canceled and are no longer trading.

Sometimes, a security may be declared worthless based on IRS requirements. In such an event, the security is considered to have no shareholder value. At such time, you may be able to claim a capital loss for tax purposes. The loss would be effective as of the date that the IRS criteria are met. When this occurs, a Fidelity associate would be able to remove the worthless security from the account it is held in, or it may happen automatically. Keep in mind that bankruptcy and being declared officially worthless are distinct events.

A security's worthless status is not determined by any action Fidelity takes. A security can be declared legally worthless only in the cases given below:

• A bankruptcy court has declared the company bankrupt under Chapter 7 or 11.
• The company has no shareholder equity.

You can learn more about the bankruptcy process and what it can mean for you as an investor using the link below.

[Bankruptcy and stocks](https://www.fidelity.com/viewpoints/active-investor/stocks-and-bankruptcy)

If you'd like to send us a Modmail, we can look at your specific situation in more detail.

[Message the Mods](https://www.reddit.com/message/compose?to=/r/fidelityinvestments)

Please let us know if you have further questions. We'll be here to help. Hope to see you around the sub in the future!

Hello, u/kindsoul17, welcome to the sub. It's great to have you here. Happy to provide some insight today.

It's entirely possible that a stock investment can lose money, and, in the worst-case scenario, the stock value could go to zero and be canceled. Unfortunately, the shares of a company that files for bankruptcy are at heightened risk of the latter occurring.

Generally, once a company has filed for bankruptcy and the symbol is shown with the "Q" at the end, the shares may continue to be traded until the legal proceedings are completed. You may find more information on this process within the prospectus. At this time, the original shares for Chesapeake Energy under the ticker symbol CHKAQ have been canceled and are no longer trading.

Sometimes, a security may be declared worthless based on IRS requirements. In such an event, the security is considered to have no shareholder value. At such time, you may be able to claim a capital loss for tax purposes. The loss would be effective as of the date that the IRS criteria are met. When this occurs, a Fidelity associate would be able to remove the worthless security from the account it is held in, or it may happen automatically. Keep in mind that bankruptcy and being declared officially worthless are distinct events.

A security's worthless status is not determined by any action Fidelity takes. A security can be declared legally worthless only in the cases given below:

• A bankruptcy court has declared the company bankrupt under Chapter 7 or 11.
• The company has no shareholder equity.

You can learn more about the bankruptcy process and what it can mean for you as an investor using the link below.

[Bankruptcy and stocks](https://www.fidelity.com/viewpoints/active-investor/stocks-and-bankruptcy)

If you'd like to send us a Modmail, we can look at your specific situation in more detail.

[Message the Mods](https://www.reddit.com/message/compose?to=/r/fidelityinvestments)

Please let us know if you have further questions. We'll be here to help. Hope to see you around the sub in the future!