Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
up...you have no clue.
I challenge all naysayers debate this official filing especially p.eiko.lo.up , just speak out loaud 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
"In accordance with the Plan, the Trust will issue LTIs to WMI’s former shareholders if,
and only if, the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to payin-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22,
and then, only if a shareholder had satisfied timely all conditions applicable to receiving any
such Liquidating Trust Interests There can be no assurances that the Trust will be able to
monetize assets in a manner sufficient to give effect to the foregoing."
https://www.kccllc.net/documents/8817600/8817600210115000000000001.pdf
Or else agree that you are here for unknown reasons 24x7.
AI response: The sentence “Beyond this, the Bankruptcy Court and the WMI Liquidating Trust (WMILT) have merely waited for the final reconciliation of remaining claims and monetization of assets” means that both the Bankruptcy Court and the WMI Liquidating Trust (WMILT) have been passively waiting for two specific things to happen:
Final reconciliation of remaining claims: This refers to the process of identifying and resolving all outstanding claims against the WMI estate. These claims could come from various parties, including creditors, investors, and other entities.
Monetization of assets: This involves converting assets into cash or other forms of value. In the context of bankruptcy, it likely pertains to selling off assets to generate funds for debt repayment or distribution to creditors.
In simpler terms, the Bankruptcy Court and WMILT have been waiting for all loose ends to be tied up before they can finalize the liquidation process and distribute the remaining funds to creditors and other stakeholders
Outside US stock holders who signed releases check on your W-8 status.I think it expires in 3 years.
As per Co-Pilot "Paladin Acquisitions Corp. is a special purpose acquisition company (SPAC) that was indeed formed to acquire the assets of the WMI Liquidating Trust. However, the primary purpose of this acquisition was not specifically to allow former shareholders of Washington Mutual, Inc. (WaMu) to receive a cash payment for their shares. Instead, the SPAC’s goal was to acquire and manage the remaining assets of the trust as part of the winding-down process."
Boring thumbs up itself?.LOL.
boring spider stick to the board you belong and atleast i don't want any thing from there here.
Vodka.... poor wants results in a day. Rich wait for the prey, eating poor and become rich. Thats the design of bankruptcy.They eliminate noise making crowds like common share holders and eat the rest of the assets eventually.
-----------------------
In this case WMILT filed to close the cases in Dec 2019 and asked permission of the courts that it would proceed to dissolve(meaning upgrading its actual books and records, valuating its assets and liabilities,paying taxes and receiving tax refunds, selling assets or further consolidating its assets,). WMI was a company with 100 years history and Bankruptcy and Receivership is not a straight line process, adding JPM,GS and other notorious players. FDIC,Federal reserve,Treasury all involved and they support their cases. I really respect Mr. Willingham what he did, he took control of WMILT and that was requested by Mr.Nelson in the court, WHY?.
----------------------------
If you can answer the WHY? part in my post, we can definitely find the answers in a collaborative way.
---------------------
THEY DID NOT HIRE ADMINISTRATORS WHILE DISSOLVING WMIIIC, WHY NOW?.
Mods, why are you allowing Boring spider posting and talking about another dumb/manipulative forum here?.Things might realize eventually, but no one knows except Charles Edward Smith, Doreen Adamson Logan, Michael L. Willingham, Douglas K. Southard and other TAB members.Probably Judge Walrath even don't know what is the worth of the Trust, she posed a question to Brian Rosen asking about the value and she was answered differently. In whole saga so far, in the plan or DS there was no valuation or valuation analysis (by VRC or somebody).BP is a dumbas forum and some users like withpu...and jaysenseless copy from here.Boring spider belong there is good, they are on par. How dumb that forum is proved by some lawyer who realized after 5 or 6 years and just asked for $3 MM for favoring the estates. I believe there are deep rooted connections in that forum to influence other people who are gullible.
p.eiko.lo MONETIZING WHAT?. I know you scum dont respond.
This is the message i sent.
Can i get the contact info of the CEO of this company?.How long will it take to reinstate 525ESC711 back into my account with correct quantity?.And also put the correct escrow cusip for the below security
NO NUMBER
LEH BROTHERS HL 5.67%XXXESC PEND POSS FUTR DISTREFF: 03/06/12
10,000
Please fix it ASAP or let me contact the CEO.Thank you.
jw... yes.My td account was moved to schwab.Schwab removed my LEHJQ's, i contacted them and they reinstated in few weeks.Now J's back in my account.Still working on D's though.
OT: FYI W-8 info 94. Do I need to resubmit my tax and OFAC forms in order to receive future distributions?
W-8 tax forms expire 3 years following the calendar year they are submitted to Epiq. Therefore,
foreign individuals and entities must resubmit their W-8 tax forms in order to receive future
distributions. If you are unsure when your completed tax form was submitted to Epiq, please
contact us for confirmation.
W-9 tax forms do not expire, therefore domestic individuals and entities are not required to
resubmit their W-9 tax forms unless their status has changed.
OFAC forms do not expire and must only be submitted once.
Page 19
https://document.epiq11.com/document/getdocumentbycode/?docId=4293667&projectCode=LBH
P.eiko.lo. "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
WHAT DOES IT MEAN?
p.eiko.lo MONETIZING WHAT?.FAQ:" In accordance with the Plan, the Trust will issue LTIs to WMI’s former shareholders if,
and only if, the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to payin-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22,
and then, only if a shareholder had satisfied timely all conditions applicable to receiving any
such Liquidating Trust Interests. There can be no assurances that the Trust will be able to
monetize assets in a manner sufficient to give effect to the foregoing."
"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
WHAT DOES IT MEAN?
FAQ:" In accordance with the Plan, the Trust will issue LTIs to WMI’s former shareholders if,
and only if, the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to payin-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22,
and then, only if a shareholder had satisfied timely all conditions applicable to receiving any
such Liquidating Trust Interests. There can be no assurances that the Trust will be able to
monetize assets in a manner sufficient to give effect to the foregoing."
"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
WHAT DOES IT MEAN?
AI meaning of "The sentence "Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets." means that the Bankruptcy Court and the WMI Liquidating Trust (WMILT) have been passively waiting for two things to happen:
Final reconciliation of remaining claims:
This refers to the process of identifying and resolving all outstanding claims against the WMI estate. This could include claims from creditors, investors, and other parties.
Monetization of assets:
This refers to the process of selling off the remaining assets of the WMI estate and converting them into cash. This could include real estate, investments, and other holdings.
In simpler terms, the Bankruptcy Court and WMILT have been waiting for all loose ends to be tied up before they can finalize the liquidation process and distribute the remaining funds to creditors and other stakeholders.
LITIGATION SUB COMMITTEE: What happened to it?.They mentioned that they could operate if there is needs?.Did they file Bankruptcy Court's permission to disband like TAB?.
pi.eko as you, and your other ids along with bkshad,, exist on this board WMILT is still under monetizing its assets,bk court and WMILT waited for processing claims prior to equity classes and that was over in Jan 2020.
goodie yet they took Waiver from Atlantic and other mortgage companies to waiver any distributions towards being former equity holders or holding company equity holders.Why?.
Escrows were deemed worthless and removed.Those shareholders who signed releases per plan also submitted W-9 information which WMILT maintains.When WMILT has to distribute to qualified class 19 and class 22, they will use that information for both distributions and tax reporting as well.
You are correct LG. WMILT mentioned it "only if a shareholder had satisfied timely all conditions applicable to receiving any
such Liquidating Trust Interests".I posed the same question to AI.Got the below answer.
"The statement "Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets" indicates that the Bankruptcy Court and WMI Liquidating Trust (WMILT) have been waiting for the completion of the final reconciliation of remaining claims and the monetization of assets. This suggests that there are ongoing processes to resolve any remaining claims and to convert assets into cash or other forms of value. The outcome of these processes will likely have an impact on the distribution of funds or assets to the relevant parties involved in the liquidation."
FAQ:" In accordance with the Plan, the Trust will issue LTIs to WMI’s former shareholders if,
and only if, the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to payin-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22,
and then, only if a shareholder had satisfied timely all conditions applicable to receiving any
such Liquidating Trust Interests. There can be no assurances that the Trust will be able to
monetize assets in a manner sufficient to give effect to the foregoing."
"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
WHAT DOES IT SAY?.
Why would anyone make you rich or make you money?.Curious to know.This world is not progressing in harmony.Banks make most of the people poor.Note this and read it after 10 or 20 years.
"Banks make most of the people poor".
I did not have a penny to invest in Chainlink which you suggested, Its good to invest if people have money.Even now, i don't have Chainlink.I bought Shib with $1000 last month.I think that is the risk i can take now.I asked my spouse to buy Chainlink at around $3 plus and my spouse strongly believe that i am worthless and of no use.Does money make one rich?.Thats clear to me and my answer is "NO".
---------------------------------------------------------------
My spouse thinks i am poor because i don't have money.I was never poor at my heart and mind.I am strong.I can beat all the lawyers who worked on behalf WMI estates in Fiduciary Roles independently. I don't even need a lawyer.
Did you read?.
Who would disagree for 15 years every day and night?.If they are genuine, they disagree for one or two times and moved on.Who would disagree with equity holders since day one and now for the past 15 years?.Losers like Reiko and other ids of him/her?.
Reiko i don't have a tail and brain like you.You chase whatever and don't try to figure out whether i have a tail,what is underneath and smell like the ones with tails.
Reiko thats all you got ... hehehe loser.
BARD ANSWERED CORRECTLY:
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
My question to bard:
Does it not suggest that there are certain assets to be liquidated?."Liquidating Trust Agreement may be amended or waived by the Liquidating Trustee with the consent of all voting members of the Trust Advisory Board provided that any such amendment or waiver is not inconsistent with the purpose and intention to liquidate in an expeditious but orderly manner the Liquidating Trust Assets in accordance with applicable Treasury Regulations.""
BARD's Answer:
Yes, the excerpt you provided does suggest that there are certain assets to be liquidated before the Washington Mutual Liquidating Trust (WMILT) can be dissolved. Here's a breakdown of the relevant part:
"Liquidating Trust Agreement may be amended or waived by the Liquidating Trustee with the consent of all voting members of the Trust Advisory Board provided that any such amendment or waiver is not inconsistent with the purpose and intention to liquidate in an expeditious but orderly manner the Liquidating Trust Assets in accordance with applicable Treasury Regulations."
Key points:
Liquidation of assets: The phrase "liquidate the Liquidating Trust Assets" explicitly mentions the existence of assets that need to be sold or converted into cash.
Orderly manner: The emphasis on an "orderly manner" suggests that the liquidation process needs to be managed carefully and systematically.
Treasury Regulations: Adherence to Treasury Regulations implies that the assets must be liquidated in compliance with specific government rules and procedures.
Therefore, based on this excerpt, it's safe to say that the WMILT still holds assets that need to be liquidated before the trust can be dissolved. It's important to remember that this is just one excerpt, and the full picture of the trust's assets and liquidation process would require examining other documents and legal proceedings.
Disclaimer: I am not able to provide legal advice, and this information should not be considered a substitute for consulting with a qualified professional.
---------------------------------------------
My question: Why did WMILT solicit consent of all members?. "consent of all voting members of the Trust Advisory Board"
BARD's Answer:
There are several potential reasons why the Washington Mutual Liquidating Trust (WMILT) solicited consent from all voting members of the Trust Advisory Board:
Transparency and fairness: Requiring consent from all voting members ensures transparency and fairness in the wind-down process. It involves all involved parties and allows them to voice their opinions and concerns before significant decisions are made.
Compliance with the Liquidating Trust Agreement: Section 9.9 of the Liquidating Trust Agreement likely specifies that any major amendments or waivers require consent from all voting members. This protects the interests of all stakeholders and ensures adherence to the agreed-upon terms.
Alignment with applicable regulations: Regulations or court orders governing the trust's activities might mandate consent from all voting members for specific actions like amending the agreement or dissolving the trust.
Minimizing risks and challenges: Obtaining unanimous consent helps minimize the risk of legal challenges or disputes later. It demonstrates a concerted effort and reduces the possibility of claims regarding unfairness or lack of transparency.
Building trust and collaboration: Seeking consensus can foster trust and collaboration among stakeholders. It allows for open discussion and consideration of different perspectives, potentially leading to better outcomes for all involved.
Ultimately, the specific reason for requiring consent from all voting members might depend on the specific details of the Liquidating Trust Agreement, applicable regulations, and the context of the proposed amendments. Consulting legal documents and seeking expert advice would provide a more precise understanding.
Remember, I am not a legal professional and cannot provide legal advice. This information is for general understanding only.
--------------------------------------------
My Question:
Does that mean those members have interests in liquidation?
BARD's Answer:
While requiring consent from all voting members suggests their input is valued and their interests deserve consideration, it doesn't necessarily mean they have personal financial interests in the liquidation itself. Here's why:
Possible interpretations:
Representation of stakeholders: Trust Advisory Board members might represent various stakeholder groups like creditors, shareholders, or government agencies. Their consent ensures the proposed amendments align with the interests of those they represent, not necessarily their own.
Fiduciary duties: Members hold fiduciary duties to act in the best interests of the trust and its beneficiaries. Their consent signifies their belief that the proposed amendments adhere to these duties.
Expertise and oversight: Their diverse expertise and perspective might be crucial for evaluating the amendments' effects on the trust's operations and its ability to fulfill its purpose.
Alternative perspectives:
No direct financial gain: Members might not receive any direct financial benefit from the liquidation, but their focus could be on ensuring a fair and efficient process that upholds the trust's original objectives.
Institutional interests: They might represent organizations with broader interests beyond immediate financial gains, such as maintaining public trust in the financial system or promoting ethical asset management practices.
Remember:
This information is based on general principles and should not be interpreted as legal advice.
Specific details about the Trust Advisory Board's composition, interests, and motivations would require examining relevant documents and seeking legal counsel.
To clarify their specific interests and motives, further investigation of the trust's structure, board composition, and the context of the proposed amendments would be necessary.
Taxable transfer of WMB assets to Liquidating Trust pursuant to implementation of the plan.hmmm.Which assets were transferred?.This from Examiner's report.
WHO IS THIS ANY OTHER ENTITY AS DISBURSING AGENT?
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-confirmation-order.pdf
Page 74/113
SIVPQ is getting paid as per the latest plan.Its like CT's.Not able to buy though,just like CTs.
Coop was given to creditors in the name of equity holders.They gave paltry shares to former equity and did an R/S with the help of KKR and NSM.Why anyone think that EC committee was on TAB thru 2020 JAN and administrators took it over?.
They are raising cash for shares and crash it once they receive as the interests rates go down after a new President comes up,IMO.Why do they need $1B?., to pay cyber criminals?.(their offshore friends on BOD?), is it possible?.YES IMO.
Boris you are on ignore, i can't respond.I don't speak numbers because i don't know what was there in the redacted agreements.My question was, can WMI equity holders get any distributions from WMI estates and FDIC receivership ahead of WMB bondholders?.If you have an answer, please share it.Board post is full of crap,real crap.
Can equity gets paid before bondholders claims in the receivership?.WMI was the equity holder in WMB who received the receivership certificate. $27 Million towards cybersecurity is a very small amount?.
RE: "So are you saying that any money if any coming back would just go into my TDAmeritrade account."?
Where did i say that?.W-9 i submitted during 7th amended plan voting had only W-9 information and that W-9 information had my address at that time.I updated KCCLLC after i moved to different places.Did you contact KCCLLC or WMILT?.I am pretty sure that if there is any kind of distributions, they don't go to bank.They either might go to your brokerage account or your home address if you submitted W-9,IMO.
I never provided bank info during chapter 11 voting process but, i provided my ballot to the brokerage firm(the nominee).Do you have a brokerage account with the same bank where you originally purchased Washington Mutual, Inc. related instruments?.Let me know if you have any general questions. I am just somebody in a different situation.Contact the institutions by email,just like what you did on a public forum and demand answers.I think they have to respond.Take care.
Put a lock on your account at all credit bureaus.Call FTC and explain your situation. Go to SSN office and explain what happened. Send an email to KCCLLC or call them and tell you want to update your contact details. KCCLLC was authorized to do ancillary work for WMILT in 2020.
you can email KKCLLC rep at anguyen@kccllc.com and also
send to chad.smith@wmitrust.net , doreen.logan@wmitrust.net , and also WMILT counsel if one exists.
LIBOR ultimate decisions and settlements might give WMILT admins to go after certain big parties,as per BARD and that makes sense to me.WMB note holders should get paid first as per order of priority.WMI had ownership interests in WMB and also claims against WMB.WMI Ownership interests come after all creditor claims in Receivership are addressed IMO.FDIC keeping its fund to screw public and enjoying that money in strip clubs,bars,porn..etc.Current chairman is not willing to go though there is lot mismanipulation and corruption under his management,ofcourse close friend of shi.ela.He brought them back to FDIC and now sh.eila and ber.rnanke are advisors for systemic risk.Its a roundrobbin corruption at peaks.