Federal Mogul went bankrupt and issued warrants for their shares. Can I write this off on my taxes?

I bought 1000 shares of Federal Mogul several years ago. They just emerged from bankruptcy in December 2007 and told us that the stock is under a new name and that they were issuing warants for the new stock. Can I write this off as bad debt somehow? I did not sell the stock for a loss, it went bankrupt.

By: Coach K

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