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Re: tzebedee post# 532858

Tuesday, 08/14/2018 10:43:15 AM

Tuesday, August 14, 2018 10:43:15 AM

Post# of 730095
The ownership could be stated as WMI on paper but since safe harbor assets were bankruptcy remote there is a possibility that it might not be covered by POR7.

Do you want to take a risk by sitting on our ass hoping that it will come back to us automatically? What if we need to claim it to get it back. There is a risk it might go "unclaimed" when the asset comes out of safe harbor because the "owner" WMI is considered deceased.

I'm not saying this is a fact. I'm just saying I'm not a legal expert and this could be similar to a person dying without a will -- where next of kin may have to file a claim or the assets might go unclaimed and return to state.
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