When did the LT state this? The POR stated that. The conveyance language in the POR transferred to the LT the "debtors' property". How could assets of the delaware trusts be construed as debtors' property and conveyed to the LT? Perhaps the residual interest in the various trusts could so be construed, but whether the intended transfer was effective would depend on the terms of the trusts with respect to ability and manner of transfer. And then there is the question of when is an asset an asset. Perhaps the residual interest had no value at the time of the POR. Did it become an asset after the effective date of the POR? I do not think the POR transferred after acquired property . If I wrote a check to WMI investment company today for $10, does the LT own it. I would think not. jmho