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Tuesday, September 26, 2017 1:19:58 PM
You have been my #1 teacher on this message board. Many of us are just like kindergarteners beginning to learn abc and you the dean in Harvard Law School specializing in finance and BK.
Please elaborate in details and simple ways why you promoted:
Cash in many bank accounts, assets of former WMI have to be returned to WMIH Corp? But it was so clearly indicated that all assets of former WMI estate will be returned to and distributed by WMILT.
Thanks for helping.
Anyone, anyone can help:
1. To dig out recent WMILT extension?
I assume there was no extension filed by 9-19-2017 and WMILT will expire on 3-19-2018. This should be a very good news to many: finally ending!
2. As far as I read and know, escrow marker will not get any cash distribution, but LTI will be distributed to receive cash distribution accordingly. Please point out my mistake.
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