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Thats absolutely correct LG. Former Equity "OWNERSHP" interests were entered into a book-entry form and that was the reason the ballots and W-9 were collected by the Liquidating Trust.And it appears to me there is another Trust called "Litigation Trust" which could be DCR or some other entity.But its another source for money. Claims holders were issued LTIs, like PIERS class 16.
"ITEM 5. [b]Important Tax Information Required – Potential Withholding. Distributions to holders of Claims or
Equity Interests by the Debtors or the Liquidating Trustee and any subsequent amounts received by the Liquidating
Trust or the Litigation Trust allocable to a holder, are subject to any applicable tax withholding. "
Page 7
https://www.fidelity.com/misc/wamu/WAMU-Class-19-Beneficial-Ballot-93934W-AA-3.pdf
unloda kb "Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets."
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
reiko you talking about truth?. are you a hypocrite?. No?. how old are you truth seeker from only one side? You don't speak truth but seek information from everybody?.
loda kb, fdic politely said so?. funny lkb. read page 5/8 of fdic saying in sept2023 "upon resolution of receivership of wamu..."
https://www.fdic.gov/foia/plsa/10015-wamu-masonmcduffie-mortgagecorp-2023.pdf
WMILT Status: Voluntarily Cancelled 12/31/2021, yesterday i got the report for $20. It is not mentioned anywhere it is dissolved. Its showing as Cancellation; Trust,GP,LP,LLC,RSE
FYI ..Paladin Acquisitions Corporation (DE) was dissolved in 09/2023. Paladin Acquisitions Corp. (TX) was withdrawn during the same time.WMI Liquidating Trust record was closed with Department Of Revenue of WA state in 09/2023.
Paladin is dissolved on 09/13 2023 in DE.Same time WMILT account was closed with WA state revenue, exactly speaking 09/25/2023.Paladin got dissolved in Sept 2023,MW speakout man.Its a long time, have empathy administrators, you were paid bread and butter due to investors.HAVE SOME SHAME AND DECENCY?.
ARE YOU FIDUCIARIES?.
Each member of the Trust Advisory Board shall have a fiduciary duty to act in the best interests of the
Liquidating Trust Beneficiaries as a whole.
Page 88/129
https://www.kccllc.net/documents/8817600/8817600191119000000000001.pdf
Thats what i do, some times i share hyperlinks too. Thanks though.
Page 3 WMB Receivership as Plaintiff
https://www.dandodiary.com/wp-content/uploads/sites/893/2014/03/FDIC_libor1.pdf
Page 76/113 COUNT IX: BREACH OF CONTRACTS WITH WAMU
WHY WMILT RALTA IS NOT A PUBLIC DOCUMENT OF A PUBLIC COMPANY WHICH FILED FOR CHAPTER 11?WHERE IS THE INVENTORY OF ASSETS?.DEBTORS TRANSFERRED ASSETS TO CLAIMS HOLDERS AND EQUITY HOLDERS AND THEY INFACT TRANSFERRED THOSE ASSETS TO LIQUIDATING TRUST "IN EXCHANGE OF WHAT?".WHY DID THE DEBTORS CHOSE NOT TO CONSENT OF TRANSFER OF LIQUIDATING TRUST INTERESTS USING SEVERAL VEHICLES?.
loda kb, you want to find the source where it is coming from, coming from frts and poo of former equity.They are the King Pins sofar you S.If you don't believe, just smell.
loda kb, you are S in POS. Assets were exchanged for cancelled equity in a two step process which was revealed in a 2020 IRS form filed by Frances Chen of COOP. Call him verify you S in POS.
JPM not done yet.Based on the search results, JPMorgan Chase (JPM) has fulfilled most of its obligations related to acquiring Washington Mutual Bank (WaMu) from the FDIC, but there are still some outstanding claims and obligations:
JPM paid the FDIC $645 million and issued an allowed unsecured receivership claim of $3 billion to Deutsche Bank National Trust Company (DBNTC) as part of a settlement agreement in 2017. This settlement resolved several lawsuits between JPM, DBNTC, and the FDIC over ownership of over $20 billion in WaMu assets.
After the settlement payment to JPM, the FDIC as WaMu's receiver made an interim dividend distribution in September 2017, paying around 95% of its remaining assets to approved senior unsecured creditors, including DBNTC, general trade creditors, and WaMu senior bondholders.
However, the settlement did not resolve certain claims by the FDIC receiver against JPM, including claims related to JPM's alleged participation in manipulating certain benchmark interest rates. The receiver also preserved claims against other parties who caused losses to WaMu before its failure.
The Purchase and Assumption Agreement between JPM and the FDIC outlines the terms of JPM acquiring most of WaMu's assets and liabilities. This agreement likely contains ongoing obligations for JPM related to the acquisition.
So in summary, while JPM has made major settlement payments, there are still some unresolved claims and potential obligations stemming from its acquisition of WaMu that the FDIC receiver continues to pursue.
loda kb, what is MONETIZING ASSETS mentioned in the closing chapter 11 motion?.
LG, remember what Mr. Nelson wanted the court?. "At minimum equity holders should take control of WMILT after the senior claims were paid", which happened in Jan 2020 thru June/July 2020, at the same time TWO Administrators were appointed and RALTA was behind curtains and imo there was a plan of administration and EC in one way or the other was in part of RALTA and probably some other parties too.No way, Mr. Willingham goes away some where just like that.He did bring lot of cases in Mirant which was a paltry case compared to WMI.If there is no money, why would they hide it and what is the point in appointing TWO administrators if there was nothing?.
STRIKE... 1. Chapter 11 cases closing request was made in Dec 2019 and approved in Jan 2020.
2. Same motion, requested the appointment of two administrators replacing everybody, including Trust Advisory Board(which had 4 equity members).
3. Initiated the dissolution of the liquidating trust.
4. Same motion, it was mentioned that the debtors and the court were waiting to reconcile the remaining claims(Class 19 thru 22) and monetizing assets.
5. In Dec 2021, on behalf of cancelled WMILT released an FAQ by somebody stating that the administration was continuing.
6. On Sept 25th,2023 WMILT closed its account with WA state Department Of Revenue.
7. WMB receivership is still open and the claims/obligations of FDIC towards WMI abandoning its equity interests in WMB
"provided, however, for the avoidance of doubt, WMI and its chapter 11 estate do not hereby withdraw or release any claims asserted by WMI as a creditor of WMB against FDIC, in its capacity as receiver for WMB or in its corporate capacity, on account of WMI’s status as a creditor, and do not withdraw or release any rights under the Global Settlement Agreement, "
https://www.sec.gov/Archives/edgar/data/933136/000090951812000125/mm03-2312_8ke991.htm
8. Did you read what Mr. Folse said in the court that $33 B would be paid by somebody down the line?.I believe that there will be a payment.
HOW THE ESTATES ARE MONETIZING ASSETS IS THE KEY, IMO.
QUESTION TO YOU: DOES IT MAKE ANY SENSE TO APPOINT 4 EC MEMBERS TO TRUST ADVISORY BOARD WITH NO EQUITY INTERESTS?.SENIOR NOTE HOLDERS ENTERTAIN EVEN A SINGLE EC MEMBER IF THEY HAD CONTROL?.NEVER,IMO.EC TOOK THE CONTROL.THEY WANTED AT MINIMUM THE CONTROL OF WMILT AFTER CLAIMS WERE PAID WHICH HAPPENED IN FIRST HALF OF 2020, ADMINISTRATORS JUMPED IN.
"RESTATED AND AMENDED LIQUIDATING TRUST AGREEMENT IS BEHIND CURTAINS FOR SEVERAL REASONS,IMO".
STRIKE... i also contacted Mr. Nelson recently ccd to Mr. Smith,Ms. Logan, Mr.Sargent..etc , Mr. Smith responded that they won't be responding anymore because i was keep on asking the same question to Ms. Doreen, which was not true.I left a voice message to Mr. Nelson, he never responded. I sent an email to Mr. Rosen, he responded that, my question was addressed by WMILT, which was not.MW and HONARABLE JUDGE SOUTHARD presence in these cases are unknown.There are too many unknowns, but one known thing in an SEC filing that THEY THE DEBTORS, THJMW AND THE COURTS WAITED THRU JAN 2020 TO RECONCILE REMAINING CLAIMS(CLASS 19 THRU CLASS 22) AND "MONETIZING ASSETS".PRIOR TO THAT THEY DONATED WHATEVER LEFT OF CREDITORS ALLOCATED MONEY.SO NOW THE QUESTION IS WHAT IS "MONETIZING ASSETS"?. AND WHY WMI LIQUIDATING TRUST RESTATED AND AMENDED LIQUIDATING TRUST AGREEMENT WAS NOT PUBLIC?.SHARE YOUR THOUGHTS IF YOU CAN.
loda kb, what is the meaning of MONETIZING ASSETS?.
ADMINSTRATORS HAD THEIR HANDS ON THE ASSETS THRU RESTATED AND AMENDED LIQUIDATIONG TRUST AND STRTED MONETIZING THOSE ASSETS SINCE JAN 2020.WHO ARE THE PARTIES TO RALTA IS UNKNOWN YET TO PUBLIC.
thanks uptick you answered partly. What is MONETIZATION OF ASSETS ?.
STRIKE,PICK,uptic....CAN SOMEBODY HELP ME UNDERSTAND WHAT IT MEANS?. "Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets."
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
JAN 2020 CLOSING CHAPTER 11 CASES.
she is vouching
AI -Based on the search results provided, Liquidating Trust Interests refer to the beneficial interests issued by the WMI Liquidating Trust to creditors and former equity holders of Washington Mutual, Inc. (WMI) in exchange for their claims against or equity interests in WMI under WMI's Chapter 11 bankruptcy plan that became effective on March 19, 2012.
The key points regarding Liquidating Trust Interests are:
They represent beneficial interests in the WMI Liquidating Trust, which was established to liquidate and distribute certain assets of WMI to its creditors and former shareholders under the bankruptcy plan.
Liquidating Trust Interests were issued to holders of allowed claims against WMI (creditors) and former WMI shareholders in exchange for their claims/equity interests in WMI.
Holders of Liquidating Trust Interests are entitled to receive pro rata distributions from the assets held by the Liquidating Trust as they are monetized and distributed.
Liquidating Trust Interests are generally non-transferable except by will, intestate succession or operation of law.
So in essence, Liquidating Trust Interests represent the new securities issued to WMI's pre-bankruptcy creditors and shareholders, entitling them to a pro rata share of the distributions from the Liquidating Trust's assets under WMI's confirmed Chapter 11 plan.
How about W-9s?. Did they delete those too?. You have any clue?.
Liquidating Trust Interests
On March 19, 2012 (the “Effective Date”), the Debtors’ Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code, as modified by the Modification of Seventh Amended Plan dated January 9, 2012, the Second Modification of Seventh Amended Plan dated January 12, 2012, and the Third Modification of Seventh Amended Plan dated February 16, 2012 (collectively, the “Plan”) became effective and, pursuant to the Plan, certain of the Debtors’ assets were transferred to the WMI Liquidating Trust for the benefit of certain holders of claims against, or equity interests in, the Debtors. Such claim and equity interest holders (the “Liquidating Trust Beneficiaries”) are being issued beneficial interests in the WMI Liquidating Trust (each such interest, a “Liquidating Trust Interest”) in exchange for their claims against, or equity interests in, the Debtors. The Agreement provides that the Liquidating Trust Interests are not transferable except by will, intestate succession or operation of law. Pursuant to the Agreement, the Liquidating Trustee will be responsible for liquidating, converting to cash and distributing the Liquidating Trust Assets to the Liquidating Trust Beneficiaries in accordance with the distribution procedures and priorities set forth in the Agreement. These distribution procedures include a reserve mechanism to allow for the resolution of claims that are disputed, in whole or in part, as of the Effective Date and the issuance of Liquidating Trust Interests and Runoff Notes in respect thereof if and when such claims are allowed.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000131/mm03-2312wlt_8k.htm
uptick... why were there four EC members on TAB?.I AM SORRY YOU MISSED THE BOAT.
uptick... did they show you the amended and restated liquidating trust agreement? what were they hiding?
Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets.
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
Did not they say that?. LOL.
Its not a fantasyland, it was a 100 year old company with too many assets which were about to be stolen by AAOC and other institutions.
You can call it a lie, but technically it was not.They informed everybody that there was no money coming from WMILT in Jan 2020, and they cancelled WMILT in Dec 2021.WMILT was under administration since Jan 2020.They had to go thru the original books and records, valuing and monetizing assets during administration. Other way was to consolidate into another entity. Why would any bk 11 company say that there is so much value to be distributed come and buy stock for pennies and make millions?.All they did was submitted to court Assets = $33 B and Liabilities = $7.5 B.
Why would they inform you money is coming?. Is n't it senseless?
reiko...should we read page 4 or no?. ...""Pursuant to the plan,the liquidating trust assets are treated, for U.S. Federal income tax purposes, as having been transferred directly to the holders of claims or equity interests in satisfaction of their claims or cancellation of their equity interests"
Page 4/5
https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf
loda kb u are full of _ _ _ "adjudicated" read page 69
Then, how is WAMU making money for JPM?.If it was a failure business?
Are you from Oregon?. Yes they are in sync. Mr. Cooper with DB Cooper who jumped, WAND Merger and Paladin.
reiko...""Pursuant to the plan,the liquidating trust assets are treated, for U.S. Federal income tax purposes, as having been transferred directly to the holders of claims or equity interests in satisfaction of their claims or cancellation of their equity interests"
Page 4/5
https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf
Should we read page 4 or not?.
reiko..that means we should read page 4?.