Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

Let’s go further:

The asset of 359B
With liability (claims) of 339B

All of these numbers are book values. But In reality, in its present market conditions, they knew that most of these asset are junk asset, so they initially estimated a recovery in the POR of about 60B to liquidate and distribute to the creditors with the intention to buy or extend time in chapter eleven distribution (it took ten years), They anticipated that the market will improve and it resulted in a liquidation of more than 100B, with a subject to compromise of about 200B.

AGAIN, ALL OF THESE NUMBERS ARE JUST A SAMPLE SCENARIO TO GIVE SOME IDEAS