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Do you know if I e-mailed them or Not?
You need to do your own DD.
LBHI said they will use the discharge. That is a confirmed fact. You think LBHI will just pay the taxes on the income? They are telling you right there in print that they will use the NOL to offset the discharge. They will tell you the same thing if you call them or email them. LBHI cannot ignore taxes.
What will they do with the tax bill?
Oh, OK. Great! Thanks for deciphering that 'nuance'. Hope Christmas comes early this year to all of us. GLTU & GLTA!
RE: to be fully utilized to offset income “resulting from the
discharge of debt” on the final date of liquidation of LBHI".
—-//——-//———-
SO FAR, THERE IS NO DISCHARGE OF DEBT IN THE BALANCE SHEET. ALL UNPAID DEBT IS MARKED “SUBJECT TO COMPROMISE”
VIVA!
" are expected"
Why not say, 'will be'? Shouldn't they know the numbers by now?
Ok. But I was asking about the NOLs... Are all the NOLs going to be 'used up' ? It says:
"All remaining
Debtor NOLs not previously utilized to absorb
taxable income of the LBHI Tax Group are expected
to be fully utilized to offset income resulting from the
discharge of debt on the final date of liquidation of LBHI".
Are they just bluffing? Thanks.
CORRECTION:
Hi TG, Could you please give your take
—-//——-//———//—-
ZERO MONEY MOVEMENT SINCE THE PREVIOUS REPORT
RE: Hi TG, Could you please give your take ..
——//——-//———//——
ZERO MONEY MOVEMENT SINCE THE LAST REPORT
Hi TG, Could you please give your take on the following from Docket #61528, filed today 11/23/2022?
TIA & GLTU & GLTA:
===================================================================
Net Operating Losses
The NOLs of the LBHI Tax Group (including LBHIControlled Entities) are subject to audit and
adjustment by the IRS and primarily expire in or
about 2028. Substantially all of the LBHI Tax
Group’s current consolidated net operating loss
carryovers are attributable to the Debtors. The Plan
provides for an orderly liquidation of the Debtors.
As previously disclosed in the Company’s Quarterly
Financial Report as of March 31, 2012 [Docket No.
29731], the LBHI Tax Group received a private letter
ruling from the IRS in connection with the Plan going
effective that stated (i) the liquidation of the Debtors
for U.S. federal income tax purposes may occur over
an extended period, and (ii) the reduction of the
LBHI Tax Group’s NOLs as a result of the discharge
of debt pursuant to the Plan generally would not
occur until completion of the liquidation.
In January 2020, the Company received a
supplemental IRS ruling extending the original ruling
relating to the Company’s liquidation. All remaining
Debtor NOLs not previously utilized to absorb
taxable income of the LBHI Tax Group are expected
to be fully utilized to offset income resulting from the
discharge of debt on the final date of liquidation of LBHI.
==========================================================
Hi TG,
Could you please give your take on the following from Docket #61528, filed today 11/23/2022? TIA & GLTU & GLTA:
Page #17:
=========================================================================
Net Operating Losses
The NOLs of the LBHI Tax Group (including LBHIControlled Entities) are subject to audit and
adjustment by the IRS and primarily expire in or
about 2028. Substantially all of the LBHI Tax
Group’s current consolidated net operating loss
carryovers are attributable to the Debtors. The Plan
provides for an orderly liquidation of the Debtors.
As previously disclosed in the Company’s Quarterly
Financial Report as of March 31, 2012 [Docket No.
29731], the LBHI Tax Group received a private letter
ruling from the IRS in connection with the Plan going
effective that stated (i) the liquidation of the Debtors
for U.S. federal income tax purposes may occur over
an extended period, and (ii) the reduction of the
LBHI Tax Group’s NOLs as a result of the discharge
of debt pursuant to the Plan generally would not
occur until completion of the liquidation.
In January 2020, the Company received a
supplemental IRS ruling extending the original ruling
relating to the Company’s liquidation. All remaining
Debtor NOLs not previously utilized to absorb
taxable income of the LBHI Tax Group are expected
to be fully utilized to offset income resulting from the
discharge of debt on the final date of liquidation of LBHI.
=======================================================
LBHI BK Case Still remains 'Open': Docket# 615219.
Important Factoid to Note:
REPORT PREPARER: LEHMAN BROTHERS HOLDINGS INC., AS PLAN ADMINISTRATOR
Also, to Note, this Monthly Operating Report for Sept was filed October, was filed 'in a Hurry', for some reason.
Also, filed Docket# 615218: Quarterly Financial Report as of October 6, 2022 (Unaudited)
which was also filed 'ahead of time'. Normally this wouldn't have come till After end of this Quarter (Jan 1st week, 2023).
Also of Note, the Company stated this in filing Docket# 615218:
"The Company has established an email address to receive questions from readers regarding this presentation and itsother financial disclosures. The Company plans to review questions received, and for those subjects which the Company determines a response would not (i) violate a confidentiality provision, (ii) place the Company in a
competitive or negotiation disadvantage, or (iii) be unduly burdensome relative to the value of information
requested, the Company shall endeavor to post a response on the website listed below (maintaining the anonymity of the originators of the questions)."
New docs just hit the docket.
https://dm.epiq11.com/case/lbh/dockets
What could be secretive?.they dont want folks to read it. And why?
———————
Jerz’ we surely know that this is rhetorical lol ;), cause They getting it done bro
Not made public.
What could be secretive?.they dont want folks to read it. And why?
Docket # 61527: Interesting...Docket # 61521 (Post-Effective MOR for Sept '22) NOT Made Public, only served as a "Legal Document' to Fed Authorities & the Law firms involved... Looks like POR Closed!
========================================================================
2. On October 28, 2022, I caused to be served the “September 2022 Post-Effective Operating
Report,” dated October 28, 2022 [Docket No. 61521], by causing true and correct copies to
be:
a. enclosed securely in separate postage pre-paid envelopes and delivered via first class mail
to those parties listed on the annexed Exhibit A, and
b. delivered via electronic mail to those parties listed on the annexed Exhibit B.
3. All envelopes utilized in the service of the foregoing contained the following legend:
“LEGAL DOCUMENTS ENCLOSED. PLEASE DIRECT TO THE ATTENTION OF
ADDRESSEE, PRESIDENT OR LEGAL DEPARTMENT.”
/s/ Angharad Bowdler
=========================================================================
Very Interesting ... served on below parties...
=========================================================================
Exhibit A:
Lehman Brothers Holdings Inc., et al.
Case No. 08-13555
First Class Mail Master Service List
OFFICE OF THE US TRUSTEE
U.S. FEDERAL OFFICE BUILDING
ATTN: WILLIAM K. HARRINGTON, ESQ.,
SUSAN D. GOLDEN, ESQ.
ANDREA B. SCHWARTZ, ESQ.
201 VARICK STREET, ROOM 1006
NEW YORK, NY 10014
OFFICE OF THE UNITED STATES TRUSTEE
ATTN: JOSEPH T. NADKARNI, CFA
SENIOR BANKRUPTCY ANALYST
201 VARICK STREET – ROOM 1006
NEW YORK, NY 10014
INTERNAL REVENUE SERVICE
SPECIAL PROCEDURES BRANCH
ATTN: DISTRICT DIRECTOR
290 BROADWAY
NEW YORK, NY 10007
=============================================================================
IMHO
means nothing.
I saw this on the COOP board, if anyone is interested. By poster Split T.
It looks like a lot of claims have been 'Zero'd out'?
"If you or anyone else is interested in the claim numbers of Lehman Brothers Bankruptcy one can simply type in the claim number in the appropriate box.
Happy Thanksgiving to all that released in 2012!"
https://dm.epiq11.com/case/lehman/claims
"Wells Fargo Bank, N.A., as trustee, its successors and assigns (collectively, “Assignor”), has hereby absolutely and unconditionally sold, conveyed, transferred and assigned to Nationstar Mortgage LLC, its successors and assigns (collectively, “Assignee”), its claims relating to Structured Asset Securities Corporation Mortgage Pass-Through Certificates
Series 2003-15A (“SASC 2003-15A”), as set forth in claim numbers 700181.01 700181.02, 700181.03, 700181.04, 710277.01, and 710277.02 (whether against Lehman Brothers Holdings Inc.,
Structured Asset Securities Corporation, or otherwise) (the “Claims”), in the bankruptcy proceedings in the United States Bankruptcy Court for the Southern District of New York, Case No. 08-13555 (JMP), or any other court with
jurisdiction over such proceedings."
You didnt ask me.
Joking....lol
But I like the quiet mode thinking
Do you think they are in a 'Quiet Period' and structuring New Equity/Re-instating Existing Equity & Issuances, as it has been nearly 2 months since POR Records 'Destroy Order' and perhaps more than 1 month since the actual destruction of POR Records, after that order? TIA, GLTU, GLTA!
~ I Agree TooGood' ... It's Coming', LBHI Is Getting Ready To Begin as a Going "Reorganized" Concern ~
In my opinion, the recent transfer of more claims, ... this time to NationStar LLC is good for LBHI, ... irrelevant for WMIH', trading as COOP, but definitely good for LBHI ... LLC' is the only operational sub listed within the COOP Corporate Structure', which is ridiculous actually, ... another discussion'
https://dm.epiq11.com/case/lehman/dockets
https://document.epiq11.com/document/getdocumentbycode?docId=4120890&projectCode=LBH&source=DM
Again, in my opinion ... this is great for LBHI
Have A Great Day
AZ
I actually
LIKE THAT PIST.
reminds me vaguely of ..THE GOLDEN PITCHFORK
remember that one years back? OMG...back in the day
Git R Done
Like a cemetary.
BOO !
NOT EVEN...check your accounts. You never know.
$$$$$$$$$$$$$$$$$$$$
What exactly does that phrase mean?
Remember I’m a bit new LOL
RE: Quietest Lehman has ever been
—-//——-//——-
BEFORE THE STORM
Quietest Lehman has ever been
Dam man
Wheres all the action?
WTF is happening?
Is this to funny?
Nothing...like its been for years.
LOLOL
GIT R DONE
CLOSURE
I had shingles.
They hurt.
Lol
Jersey take ur angst out on me lolll
I am like shingles
I don’t Care!
JC. My comment wasnt for you or your post.
It was my feelings on this whole dam situation.
I forgot to post it as a new post. Not hooked to yours.
Like jimzin says
Git R Done
Just pay us some money
—————
I can’t wait to see the curtain rollout jerz’! It’s truly been a bk of a life time~ if you can live long enough to see it end!
Just pay us some money.
Everything else is all bullshit.
Not worth a dam.
That is why they are pushing the Internet of Things (IOT), and electric vehicles.
————————————-
TRUE :) and they are upset sending me threatening letters of shutting off my DTE ??power if I don’t allow them to come in and inspect/change my regular gas meter to a smart meter lol!
As you said~ I don’t want them controlling my temp… or it talking to all my others mart devices such as TV, cell phone and Wi-Fi ect!
It’s Biddy Biden’s trillion dollar infrastructure plan! Remotely control society. Well guess what (IMO) Lehman is a major player…, yet still let’s get this done!!!
"cause it’s not what we want~ it’s what they want. #control"
That is why they are pushing the Internet of Things (IOT), and electric vehicles.
Step out of line, they take YOU... OFF LINE. Also the 'vaccine passports'.
I could care less about crypto… I don’t own any, but just reading the tea leaves. :), cause it’s not what we want~ it’s what they want. #control
Frankly, I don't want the emergent Lehman have anything to do anything 'Crypto'...All the Banks and especially the 'Lending wholesalers' & IBs are making a TON of money Hand-over-Fist, with the 'Interest Rate Differential'...so I don't get your (and others here) 'Crypto-Mania' Drift...Lehman to become 'another FTX'? No, Thanks You!
It’s takes a little more time/effort to meld a MEGA corporation together :) … it was always THEIR intent of one with digital $
Actually, WF Bank 'transferring' to NationStar(WMIH/COOP) Claims of what look to be MBS...Even better...WaMu Claims against LBHI...But this is all 'claims transfers' that got 'wrapped up' and 'Filed on Docket' now, the POR Records are already done, for all practical purposes...
BTW, Still 'waiting' to hear from LBHI...Yes...folks are 'working' at LBHI...waiting to get a 'call' or get an e-mail...my message was 'conveyed' to 'them'....
stoxjock, Do you have a link for this Docket # 61525?
Thank you.
Docket # 61525: Well, well well.... What do we have here, My? Just when I thought things were becoming clear, Are they getting 'murkier'???
Finally, looks like we are somehow joined to WaMu 'at the Hip'...Maybe not Bad at all, after all... WaMu/NationStar 'transferring' things to WF Bank? I hope these are our 'hidden'/'Safe Harbor' 'Claims' (MBS?) getting transferred...
Royal Dude
Re: None
Wednesday, November 16, 2022 8:01:55 PM
Post#
103516
of 103525
This is our money IMO 25%/75% I sure am creative :)
Confidential information has been omitted from the public Form 13F report and filed separately with the U.S. Securities and Exchange Commission.
https://otp.tools.investis.com/clients/us/brook_bam/SEC/sec-show.aspx?Type=page&FilingId=16207184-3941-
"If we achieve our plans, we should be able to grow distributable earnings by over 25% on a compound annualized basis over the next five years. If we successfully utilize the synergies of our three business pillars, then we may outperform these plans.
Corporation
The Corporation, post spinoff, will own circa $150 billion of private and listed investments, including a 75% interest in the newly listed Manager. As a result, we will have one of the largest discretionary pools of alternative assets globally. The Corporation will not face any restrictions on how we use this capital, and our sole focus will be on allocating capital among our operating businesses and new business initiatives, while targeting a 15%+ total return for our shareholders over the long term. We will leverage the Manager to source investment opportunities and opportunistically look to grow our business as opportunities arise. In this environment, we feel the odds favor something large and interesting showing up.
Manager
The Manager is increasingly diverse and growing faster than ever. By year-end, we plan to have distributed and listed a 25% interest in it, creating optionality for you to own our pure-play leading alternative asset manager. Initially, we expect it to generate approximately $2 billion of distributable earnings, pay out approximately 90% of that in cash dividends, and have no debt (actually net cash of $3 billion). If we achieve our growth plans, over the next five years we should double distributable earnings—and we plan to return over 90% of that to shareholders through dividends."
https://www.sec.gov/Archives/edgar/data/1001085/000100108522000025/a2022-q3ex991interimreport.htm
Jersey have da boys go visit the lawyers and judges…. Who rigged it all. Cheated the masses
“Hey Moose, Rocko help the Judge find his checkbook will ya “
Thats right to himself. He's needy... cause he needy it... all.
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IPO - 1/7/2005 - 8.00 Million Shares @ $25.00/share.
Previous Ticker Symbol: LEH-N Changed: 9/17/08
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