Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Winner, You have misconstrued the numbers, nor understand the process. Yes, there were some multiple claims, but relatively small as compared to the whole estate. The first balance sheet for LBHI that came out after exiting from BK shows $93.6bil in assets, and $274.8bil in liabilities.

So, what happened between filing and the March 2012 balance sheet?
All the secured debt was paid in full with cash and/or underlying collateral that secured that debt removed from the estate. That left the above balances of unsecured debt and unassigned assets.