Mr Cooper Group Inc (COOP)

[hotmeat]

Quote: "WMI Liquidating Trust, as successor in interest to Washington Mutual, Inc. and WMI Investment Corp., formerly debtors and debtors in possession"


Was looking at this statement yesterday trying to figure out if they were referring to WMI as the "Debtor" and WMIIC specifically as the "Debtor in Possession". If you look at the meaning of "Debtor in Possession" it has a meaningful bearing on the disposition of assets.


A debtor in possession in United States bankruptcy law is a person or corporation who has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest. A corporation which continues to operate its business under Chapter 11 bankruptcy proceedings is a debtor in possession.


Could the highlighted above be referring to WMI (now the WMILT)???