Mr Cooper Group Inc fka COOP

[jerrylev]

Nope, others like HM or Justice can point to the exact court documents that prove the following.

But from a big picture point of view, there are no special assets or trust that do not get liquidated or continue to perform after the liquidation trust closes down, which is 2021 at the latest per IRS order.

After all assets are liquidated including Safe Harbor, Securitized and WMI assets, the proceed will go to a single bucket of money to pay starting with the creditors, claims and then last TPS + old Preferred + Old common.

There is no such thing as bankruptcy remote assets that are not liquidated like some theoreticians want to theorize.

Even for bondholders who got their own trusts that will be liquidated to pay them, any leftover will go to the tranche 6 above.

https://www.sec.gov/Archives/edgar/data/933136/000090951812000255/mm08-0112_8k.htm

Annex C - Item 1.01 Amendment of a Material Definitive Agreement.

Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, AND that the distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.