Sunday, January 18, 2015 3:53:06 PM
LEHMAN is not obligated to pay remaining debt if all asset is prorated to creditors. No need to cancel either because there is nothing left to pay them. The remaining debt will just become uncollectible.
Understand the mechanics. All asset is owned by the creditors so new investors must come in to capitalize ,
The selling of the 2.5B intercompany claim is just one way of doing it. It will pay creditors without selling the asset.
The new business will be the combination of NOL and the new Capital investments .
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