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Re: hotmeat post# 533937

Sunday, 08/19/2018 9:53:38 AM

Sunday, August 19, 2018 9:53:38 AM

Post# of 731950
My personal opinion - and I know some will howl me down at the campfire for expressing this - is that all assets of WMI that were not specifically given to WMIH by the POR (or otherwise specifically dealt with by POR 7) will go to the LT for distribution to claimants and escrows in accordance with the priorities established in POR 7. And any distribution to escrows will be done by the LT in accordance with the 75/25.

I think the idea that the disposition of some WMI assets are not governed by POR 7 is silly. That is not what safe harbor is about at all. It places some transactions of the debtor beyond the reach of the bankruptcy court, but not assets in which the debtor has a residual interest that are returned as a consequence of the winding up of those transactions (assuming there are any such assets).
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