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Re: hotmeat post# 477665

Thursday, 05/11/2017 8:36:21 PM

Thursday, May 11, 2017 8:36:21 PM

Post# of 730208
hitmeat, its stated in the JPM-DB-FDIC agreement that JPM hets paid within 10 days from effective date. If probate judge approves DB distribution on June 16, that will mark the "effective date". So I'm thinking JPM gets paid within 10 days and hence the receivership should close out shortly after because this is the last major lawsuit that settles everything left at the receivership.

Once the receivership closes, I think safe harbor assets return shortly there after. Thats why I think escrow payment by August 1st is a good possibility.
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