I am not an attorney or expert on bankruptcy, but according to the last document from the court it appears that all of us QUIB holders have been screwed out of our investments. My understanding of the court's decision, the QUIBs were devalued to virtually nothing.
The question I have, if anyone reads this post, is what do I need to do to declare the loss on this year's tax return? I plan to contact the IRS about the issue, but if anyone has information on tax issues, I would appreciate hearing it.
Good Luck to all my fellow QUIB holders.
DonR