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Post# of 110990
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cottonisking

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cottonisking

Re: toogoodfella post# 51707

Sunday, 11/23/2014 2:15:58 AM

Sunday, November 23, 2014 2:15:58 AM

Post# of 110990

The commercial real estate asset with approximate value of about 5B is still existing today.




LBIE balance sheet assets:

1) LBIE creditors were paid 100% of their allowed claims principal

2) LBIE creditors post-petition interest payments are in progress

3) Payoff LBHI subordinate debt/preferred stock (via LBIE Claims Joint Venture) is in progress

4) LBHI Plan Trust equity - In 2012, PWC said that it would take 20 years to liquidate LBIE assets. WOW

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