Mr Cooper Group Inc fka COOP

[jerrylev]

Re: The surviving estate cash/assets of WMI/WMIIC POST -March 2012, is absolutely different than cash/assets of the surviving estate PRE-March 2012


So what you are saying is that after the ED, bankruptcy was over and the SH is not needed anymore and it can be freely transferred to WMILT, is that correct? Nobody can claim them anymore such that let say 1 year from now, it will be revealed how much money we have and then somebody else such as the bondholders may file a claim for that money and they cannot, because it used to be SH money. For other money not in SH then there is a risk that somebody can claim it unless they have already settled.

Perhaps that explains why this is dragging for so long and we are not paid because not all assets are in SH and somebody can claim it unless they have settled.