My husband passed leaving me stocks in a company that is now in bankruptcy. I have been told if the company is in bankruptcy that I cannot sell.

Who told you that? Just because a company is in bankruptcy doesn't mean the stock is worthless. What exact company is this and what type of stock did he leave you. Have the stocks been delisted from the stock exchange?

It depends. In many cases the original stock does indeed become worthless as it's impossible to find someone willing to pay a few pennies per share to cover the cost for executing the transaction. In the case of a privately held company the bankruptcy judge may declare all existing stock as worthless, so again you can't sell. However, in some cases the existing stock holders may be granted an interest in the restructured company. So it depends.

jjstod - what company are you asking about?