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Monday, October 08, 2018 2:16:30 PM
What WMIH received was all outlined in the POR and does not include any Safe Harbor assets.
JPM could not purchase SH assets as they are bankruptcy and receivership remote so again that claim is incorrect.
The WMILT is the sole successor of WMI, hence making the LT the only valid recipient of any property of the WMI estate.
The property rights of a company is not affected by filing bankruptcy unless Creditors are still owed...this is clearly not the case here.
25.2 Cancellation of Common Equity Interests:.., on the Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and all other documents shall be deemed cancelled.
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