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May be going after BIG 5 Financial Institutes who screwed WMI in many ways?. Needle pokes, right?.
Very cryptic to say the least. But they need some shelter to play behind the scenes, like LLC's agreements with MW, Southard and rest of their teams.WOODWAY was formed immediately after distributions to class 18 were complete and after 6 months for undelivered payments.
Yes i got my J's back in my account.My D preferred has quantity but no symbol or escrow associated with.They will correct it in the near future i guess.
FINN FAM 5 NEEDLES LLC https://static.bizprofile.net/wa23/8/4/9/2/6/0/849260.pdf
https://dor.wa.gov/
Lookup a business
enter WMI Liquidating Trust
Excise tax and reseller permit status: Clickhere
Click on Clickhere link and you should see the details.
GSA MADE SHAREHOLDERS THE FIRST PRIORITY TO THE PROCEEDS OF THE ASSETS IN THE LIQUIDATING TRUST AS PER THJMW SEPT 2011 OPINION,COOL.
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CLASS 18 PAID IN JAN 2020 AND SHAREHOLDERS SEPARATED FROM WMILT USING CERTAIN VEHICLES LIKE PALADIN AND WOODWAY.
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WMI LT CLOSED ON SEPT 25, 2023 WITH WA STATE DEPARTMENT OF REVENUE AND TAX SEASON IS NEARING, MAY BE WE ARE CLOSE TO SOMETHING.
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No problem and thank you.
priority to the proceeds of the assets in the Liquidating Trust
Any potential recovery which
shareholders may receive, even from the Liquidating Trust, is
largely due to the GSA which is funding the payments to creditors
who are senior in priority to the shareholders and who, in the
absence of the GSA, would have first priority to the proceeds of
the assets in the Liquidating Trust.
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Sept 2011 Opinion
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So the shareholders must have received the assets from LT, correct?.
WOODWAY MAKES SENSE AS A FIDUCIARY.
JAIL TIME IS AWAITED FOR SCUM BAGS.
ok lo as ho skum
ok lo as ho
"I WONT BOTHER TO POST IT AGAIN, BECAUSE NO ONE READS IT, OR BELIEVES IT..." so that user wanted the board to believe lies and now moving on because no one cares?. PsOS.
Thats fair, they streched too far including equity committee and insiders like previous BOD,TAB,A&M,.one of the Administrators lied to me in writing.
WOODWAY FIDUCIARY & ADVISORS LLC -------- Charles.E.Smith.WMI@GMAIL.COM , incase if you have any questions.
What is the link between Paladin Acquisitions Corp, WOODWAY FIDUCIARY & ADVISORS LLC and WMI Liquidating Trust ?
The link between Paladin Acquisitions Corp, WOODWAY FIDUCIARY & ADVISORS LLC, and WMI Liquidating Trust lies in their respective roles within the context of Washington Mutual's bankruptcy and subsequent liquidation. Paladin Acquisitions Corp was involved in the acquisition of certain assets related to Washington Mutual's bankruptcy
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. WOODWAY FIDUCIARY & ADVISORS LLC, as a fiduciary entity, is likely involved in managing trusts and adhering to fiduciary duties, potentially including those related to the assets or affairs of Washington Mutual or its related entities. On the other hand, WMI Liquidating Trust was established as part of the bankruptcy proceedings to liquidate assets and distribute them to beneficiaries according to the Liquidating Trust Agreement
1
2
. Each entity plays a distinct role in the aftermath of Washington Mutual's bankruptcy, with Paladin Acquisitions Corp involved in asset acquisition, WOODWAY FIDUCIARY & ADVISORS LLC likely managing fiduciary responsibilities, and WMI Liquidating Trust overseeing the final distribution and winding down of operations related to the bankruptcy proceedings.
Are you 100% sure?
Yes, I am confident in the accuracy of the information provided regarding the roles of Paladin Acquisitions Corp, WOODWAY FIDUCIARY & ADVISORS LLC, and WMI Liquidating Trust in relation to Washington Mutual's bankruptcy and liquidation proceedings. The details shared are based on the available search results, which outline the distinct roles and activities of each entity within this context.
As per Perplexity AI.
EXACTLY THIS IS WHAT MR.NELSON REQUESTED THJMW "and the construction of
the liquidating trust which at a minimum should give
shareholders the right to take over the trust once all proceeds
from the proposed settlement have been distributed"
THATS EXACTLY WHAT HAPPENED IN JAN 2020.
EXACTLY THIS IS MR.NELSON REQUESTED THJMW "and the construction of
the liquidating trust which at a minimum should give
shareholders the right to take over the trust once all proceeds
from the proposed settlement have been distributed"
THATS EXACTLY WHAT HAPPENED IN JAN 2020.
lo... you are not a decent adult mature enough to have a good discussion.You are highly motivated to mix up things for some reason.So equity members were there to make sure all claims holders get paid?.LOL.
lo... did you read my question?.Read it again and your answer,what garbage you posted?.
p,eiko,lo,tik if any of you answers this not so COMMON question but COMMON SENSE question, i will stop posting further.
"WHY WAS THERE A TRUST ADVISORY BOARD WITH FOUR MEMBERS THRU THE END OF TRUST'S CANCELLATION THRU JAN 2020?". WHY WERE THEY APPOINTED FIRST OF ALL?.DOES COURT'S ENTERTAIN SUCH ACTIONS?. LOL.
MY SIMPLE ANSWER IS 'THERE WERE ASSETS ALLOCATED TO FORMER EQUITY CLASSES WHICH WERE TRANSFERRED TO LTI HOLDERS AND THEN TO TRUST.FINALLY ENDED UP WITH WOODWAY,IMO.
.CLUE: Mr. Folse's comment "somewhere down the line paid out to somebody(WOODWAY?)"
Thank you 2 clowns.
So LTIs were issued based on the Bookentry Sytem and that is based on wink-wink situation?.Yeah we say Class 19 and Class 22 were never issued LTIs, but still we issued under court's purview and move those to somewhere else but not consent to disclose.We close WMILT (End of Dec 2021 cancelled, not actually closed)and say there is no distributions further from WMILT and everybody move on.Mean while we open WOODWAY FIDUCIARY in JULY 2020 and move assets and play around in Fiduciary Shoes and update linked in profile as Independent Fiduciary and still working?.Learned the process. Game is ON.
"conclusive absent manifest error"
What does manifest error mean?
A manifest error is a mistake that is obvious and cannot be disputed. It can refer to an error in belief or judgment that does not match reality. For example, if someone buys a horse thinking it is the same one they rode before, but it turns out to be a different horse, that is a manifest error.
"BOOK ENTRY" "WOODWAY" "DING DING"
The phrase "Book Entry System shall be conclusive absent manifest error" typically means that once an entry is made in a bookkeeping system, it is considered final and binding unless there is a clear and significant mistake. This principle implies that entries made in the system are presumed to be accurate and complete unless there is an obvious error that needs correction.
p,eko,lo,tic WHY WOODWAY FIDUCIARY HAS EMAIL WITH "WMI" IN IT?.
lo... try this CHARLES.E.SMITH.WMI@GMAIL.COM
https://ccfs.sos.wa.gov/_gl=1*f6key4*_ga*NDQyODM1ODk2LjE3MDkyNzExNjM.*_ga_7B08VE04WV*MTcwOTI3MTE2My4xLjEuMTcwOTI3MTE3Ni4wLjAuMA..#/BusinessSearch/BusinessFilings
ITS UNDER CERTIFICATE OF FORMATION.
Are claims holders in a chapter 11 are deemed holders of record?
The answer to whether claim holders in a Chapter 11 are automatically considered "holders of record" is nuanced and depends on specific circumstances:
Generally, no. Chapter 11 bankruptcy proceedings rely heavily on the record holder for various purposes, including:
Voting on the reorganization plan: Only the record holder, as reflected in the company's books or by a custodian like a brokerage firm, can vote on the proposed plan [1].
Receiving distributions: Distributions under the plan are typically made to the record holders listed on the company's records at a specific point in time [2].
However, there are situations where beneficial ownership (who ultimately owns the claim) might be relevant:
Disclosure statement approval: Before the disclosure statement is approved, the plan and statement might need to be sent to both record holders and beneficial owners, especially for publicly traded securities [3].
Contesting record holder status: If someone claims they are the rightful owner of a claim even though someone else is listed as the record holder, they can use legal procedures to challenge the record [2].
Therefore, while Chapter 11 proceedings generally prioritize record holders, recognizing beneficial ownership can also be crucial in specific contexts. It's crucial to consult with a bankruptcy attorney for specific legal advice regarding your situation in a Chapter 11 case.
"DEEMED HOLDERS OF RECORD" IS THE KEY. CLAIM HOLDERS ARE NOT DEEMED HOLDERS OF RECORD,THEY ARE ACTUALLY ON THE BOOKS AND RECORDS OF THE DEBTOR,CORRECT?.THEN WHO THE HOLDERS WHO WERE ISSUED LTIs EVIDENCED BY BOOK ENTRY AND ARE "DEEMED HOLDERS OF RECORD"? CLASS 19 & CLASS 22 IMO.
Whether a fiduciary, like an administrator of a liquidating trust, can start another LLC while working with the trust and open an LLC named "WOODWAY FIDUCIARY & ADVISORS LLC" depends on several factors:
1. Trust Agreement: The primary consideration is the trust agreement, which outlines the fiduciary duties and potential restrictions on the administrator's activities. The agreement might:
Prohibit the administrator from engaging in any personal business ventures that could conflict with their duties to the trust.
Require prior approval from beneficiaries or a court before engaging in outside business activities.
Specify standards of care and loyalty the administrator must uphold, potentially impacting their ability to manage other businesses concurrently.
2. State Laws: Each state has its own fiduciary duty laws that govern the conduct of administrators and trustees. These laws may impose limitations on the administrator's ability to engage in self-dealing or activities that could harm the trust's interests.
3. Ethical Considerations: Even if no legal restrictions exist, engaging in another business venture while managing a trust raises ethical concerns. The administrator should avoid any appearance of impropriety or potential conflicts of interest.
4. Naming the LLC: Using "fiduciary" in the LLC name ("WOODWAY FIDUCIARY & ADVISORS LLC") might be misleading if the LLC's services are not directly related to the trust or fiduciary activities. It's crucial to ensure the name accurately reflects the LLC's intended purpose and doesn't create confusion or misrepresent its association with the trust.
Correction: Words.
Does any one remember who used the word "Good Riddance" in 2019?.
Correction: books and records of WMILT, not the Debtors,IMO.
This proves that Escrows are not Liquidating Trust Interests and those LTIs were recorded in a Book Entry System and they got that from Ballots and W-9.
And
Subject to certain limited exceptions, the Liquidating Trust Interests are not transferable or assignable.
LTIs are not transferable or assignable except by will, intestate succession or operation of law. Accordingly, there is no liquid trading market in the LTIs. Under certain circumstances, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.
From 2018 10-K
https://www.sec.gov/Archives/edgar/data/1545078/000119312518097841/d503450d10k.htm
So, in conclusion
WMILT evidenced issuance of LTIs by book entry system and deemed them as holder of record, that means they are/were on the books and records of the debtors. And, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.
WOODWAY MUST BE BUSY WITH LITIGATION DWELLING INTO ALL THOSE TOLLING AGREEMENTS,IMO.MAY BE THATS THE REASON CERTAIN CLOWNS ARE AROUND.NOW THEY ARE PRAISING COOP,IT WAS THE OPPOSITE WHEN IT WAS WAMUQ AND WMIH.
reiko.. you can take your sides, don't insult me saying that i did not pay attention DA/DB.Trust issued LTI statements to Class 16 too, they used Book-Entry system for class 19 and 22, using several vehicles transferred those interests.And those book entry interest holders are DEEMED HOLDERS OF RECORD.
Evidence of Liquidating Trust Interest. Ownership of a Liquidating Trust Interest in the Liquidating Trust will be evidenced by the recording of such ownership in an electronic book-entry system (the “Book Entry System”) maintained either by the Liquidating Trust or an agent of the Liquidating Trust. A Liquidating Trust Beneficiary shall be deemed the “holder of record”
I am a liquidating trust beneficiary as per plan7.
Will I get a document evidencing my Liquidation Trust Interests?
No paper certificates evidencing the Liquidation Trust Interests are expected to be distributed, but you may contact Continental Stock Transfer & Trust Company for a statement of your holdings. Liquidation Trust Interests are maintained by the Liquidation Trustee (or his designee) in book entry form.
From Woodbridge LT. Ours also in similar situation, no evidence of LTIs.
2.3 Evidence of Liquidating Trust Interest. Ownership of a Liquidating Trust Interest in the Liquidating Trust will be evidenced by the recording of such ownership in an electronic book-entry system (the “Book Entry System”) maintained either by the Liquidating Trust or an agent of the Liquidating Trust. A Liquidating Trust Beneficiary shall be deemed the “holder of record” (hereinafter “holder”) of such Liquidating Trust Beneficiary’s Liquidating Trust Interest(s) for purposes of all applicable United States federal and state laws, rules and regulations.
Page 7
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
2.4 Transfers of Liquidating Trust Interests.
(a) General. Liquidating Trust Interests shall not be transferable or assignable except by will, intestate succession or operation of law.
(b) Book Entry System. Pursuant to the Book Entry System, the Liquidating Trust shall maintain, or cause the agent of the Liquidating Trust to maintain, a register (which may be electronic) setting forth the names and addresses of the Liquidating Trust Beneficiaries, and the amount and class of their Liquidating Trust Interests from time to time. Any transfer or assignment of a Liquidating Trust Interest by will, intestate succession or operation of law shall not be effective unless and until such
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transfer or assignment is recorded in the Book Entry System, which shall be completed as soon as practicable. Subject to Section 2.4(d), the entries in the Book Entry System shall be conclusive absent manifest error, and the Liquidating Trust and the Liquidating Trustee shall treat each person whose name is recorded in the Book Entry System pursuant to the terms hereof as the owner of Liquidating Trust Interests indicated therein for all purposes of this Trust Agreement, notwithstanding notice to the contrary.
1.144 Liquidating Trust Interests: The beneficial interests in the Liquidating Trust allocable to certain holders of Allowed Claims and Equity Interests (and any transferee thereof, and any subsequent transferee of any transferor of Liquidating Trust Interests) in accordance with the terms and conditions of Article XXVII of the Plan,
https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/jg02-2712_8ke21.htm
FOLDED AND TRANFERRED AND NOT CONSENT TO DISCLOSE, LOL.
Probably WOODWAY has something like this wind-down entity
https://woodbridgeliquidationtrust.com/wp-content/uploads/2019/03/Woodbridge-Wind-Down-Entity-LLC-LLC-Agreement-Execution-Version.pdf
No Split, but thank you.