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Post# of 729802
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Re: Donotunderstand post# 536579

Thursday, 09/06/2018 1:27:14 AM

Thursday, September 06, 2018 1:27:14 AM

Post# of 729802
No....

Upon filing bankruptcy WMI/WMIIC would have ceased receiving payments for those interests, as per bankruptcy rules and/or SH rules.

The reason the LT does not report them is because they are not in their possession and as such, under Liquidation Basis of Accounting (LBA), they are not required to report such assets.

LBA only requires reporting of assets that are in, or about to be liquidated that were not recognized before, in aggregate, rather than individually.

See post 536335

The Socratic Method...is the best method!

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