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Re: Donotunderstand post# 512433

Wednesday, 03/07/2018 9:37:19 AM

Wednesday, March 07, 2018 9:37:19 AM

Post# of 730626
I did


"... Everyone remembers that ?!

http://www.kccllc.net/documents/8817600/8817600170920000000000001.pdf

Quote:

2. What are the Liquidating Trust Assets?
The assets that are to be held and distributed by the Liquidating Trust (the “Liquidating
Trust Assets”) comprise all of the assets of Washington Mutual, Inc. (“WMI”) and WMI
Investment Corp. (“WMI Investment” and together with WMI, the “Debtors”)) as of March 19,
2012 (the “Effective Date”), other than:


(a) Cash to be distributed by the Reorganized Debtors (i.e., the Debtors on and from
the Effective Date) pursuant to the Plan as Disbursing Agent to holders of
Allowed Administrative Expense Claims, Allowed Priority Tax Claims (to the
extent applicable), Allowed Priority Non-Tax Claims, Allowed Convenience
Claims, Allowed WMI Vendor Claims, and Allowed Trustee Claims;
(b) Cash necessary to pay the fees and expenses owed to certain Creditors’
professionals pursuant to Section 41.15 of the Plan;
(c) Cash necessary to reimburse the Reorganized Debtors for fees and expenses
incurred in connection with initial distributions made by the Reorganized Debtors
as Disbursing Agent;
(d) Creditor Cash on the Effective Date; and
(e) the equity interests in (i) WMI Investment (all the assets of which shall be
contributed to the Liquidating Trust, including any Intercompany Claims),
(ii)
WM Mortgage Reinsurance Company (“WMMRC”), and (iii) Washington
Mutual Bank (the stock in Washington Mutual Bank was worthless and was
abandoned by WMI shortly before the Effective Date). ... "

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Some hearings related to the employee claims have been re-scheduled to be held on feb 2019, the rest? Is noise IMHO


aint much mercy in the posts of this hub, aint no cash from heavenly trusts? Is it gonna change?

Fingers crossed

GL

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