Friday, October 12, 2018 10:21:19 AM
... ALL Performing Trusts were placed on a legally mandated administrative distribution restriction, when the WMIIC and WMI bankruptcy's were originally filed' ... it's the law' (Rule 510 "Subordination") ... (Delaware & D.C. needed to be settled) ...
This legal mandate included ALL Performing Trusts associated with WMI' the parent and its subs'), Which Also' obviously included the, ... "Washington Mutual Capital Trust 2001'" ...
This is the reason that the WMI-LT needs to, and is attempting to, pay off the last WMI Creditor Class (Tranche 4 Class 16 PIERS) with its remaining "Cash", FIRST' ...
this needs to be completed prior to not only the, Washington Mutual Capital Trust 2001', to begin to be able to function once again, ... But for ALL of the Performing Trusts' to be able to function once again ...
... The procedural sequencing and the wording, which explains what the process needs to be, is actually in the Original Plan 7 Confirmation Order ...
... I'm watching to see if and when Judge Walrath decides to approve the WMI-LT's "Proposed Order" ... Her signing of that WMI-LT Proposed Order, allowing the WMI-LT to do what it has NOW requested of the Court, is the true beginning ...
AZ
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