News Focus
News Focus
Followers 180
Posts 7356
Boards Moderated 0
Alias Born 12/26/2012

Re: hexson post# 546684

Tuesday, 11/13/2018 1:23:22 PM

Tuesday, November 13, 2018 1:23:22 PM

Post# of 749756
~ Hex, The Process (the “Proposed Order”) Has Already’ Been Approved ~

The WMI-LT and it’s representation, B. Rosen submitted a “Motion” with an attached “Proposed Order” On 08/30/2018’ ... The WMI-LT and it’s representation, B. Rosen also submitted for a Court Date To accommodate “Oral Argument” ... which was Court Approved To occur on 10/16/2018’ ...

During the Court Approved 10/16/2018, “Oral Argument”, ... Judge Walrath, Approved the WMI-LT’s “Proposed Order”, ... and “Denied” the Employee Claimant “Motion”, which had also been submitted on 09/18/2018 ...

Also, During the Court Approved 10/16/2018, “Oral Argument”, as able to be listened to, ... B. Rosen wasn’t concerned regarding a 21 day “Stay” because he was, “hopefully” planning on making a “Special Distribution” in November ...

3 points of reference:

1st; The WMI-LT and it’s representation, B. Rosen submitted a “Motion” with an attached “Proposed Order”, which has been “Approved”, ... so now, to not act upon the now Approved request, is a serious violation ...

2nd; Bankruptcy Rule 26 ... a “Stay” does not count the day of the actual order’ (10/16 in our case), ... but does count weekends and holidays in the count’ ... so, the “Stay” ended, as of last week ...

3rd; All 7 points of the “Proposed Order”, now “Approved” need to be implemented ...

So, ... What ? Is the holdup for the notifications of Implementation ? ...

Kurtzman Carson Consultants LLC ("KCC") maintains this website at the direction of Weil, Gotshal & Manges LLP, counsel for the Debtors. KCC maintains this website for the public's convenience and, while KCC makes every attempt to ensure the accuracy of the information contained herein, this website is not the website of the United States Bankruptcy Court and does not contain the complete, official record of the Bankruptcy Court. All documents filed with the Court are available for inspection at the Clerk of the Bankruptcy Court, District of Delaware.”


The following text is direct from Note 7: of the WMI-LT's SEC Filed QSR'
Docket # 12558 Filed 10/30/2018
http://www.kccllc.net/wamu/document/0812229181030000000000006

================================================

"At a hearing on October 16, 2018, following oral argument, the Bankruptcy Court granted the Trust Motion, finding that the decisions of the Delaware District Court and the D.C. District Court are binding on the Trust and all parties and that the Trust is prohibited from making payments on the account of the subject claims. An order consistent with the Court’s decision has been submitted for entry. Entry of the order is pending potential appeals by claimants in the employee claims litigation.

Based on the Court’s October 16, 2018 ruling, the previously entered scheduling orders for the employee claims litigation have been rendered moot
."

================================================

Now, referencing the original, and obviously referred to in the QSR' and now approved WMI-LT's, ... "Proposed Order", ... (Yes, I am closely' following the actual implementation of points 3, 4, and 5, specifically)

Docket # 12499 Filed 08/30/2018
http://www.kccllc.net/wamu/document/0812229180830000000000001

IT IS HEREBY ORDERED that:

1. The Omnibus Objections are granted with respect to the Claimants, as set forth herein.

2. Each of the Claims is hereby deemed disallowed in its entirety.

3. Kurtzman Carson Consultants, LLC, WMILT’s court-appointed claims and noticing agent, is authorized and directed to delete the Claims from the official claims register in the Debtors’ chapter 11 cases and take any other actions necessary to implement the relief granted herein.

4. WMILT is authorized to release and distribute such cash and Liquidating Trust Interests held in the Disputed Claims Reserve on behalf of the Claims in accordance with the provisions of the Plan.

5. Upon this Order becoming a final order, (a) the Adversary Proceedings shall be deemed dismissed with prejudice and (b) the Clerk of the Court shall be directed to enter this Order on each of the dockets in the Adversary Proceedings.

6. WMILT is authorized to take any actions necessary to implement the relief granted herein.

7. This Court shall retain jurisdiction to hear and determine all matters arising from or related to the implementation, interpretation, or enforcement of this Order.

================================================

... Sometimes I will present an opinion ?, or sometimes I will present a conclusion ?, ... But mostly ?, Just The Facts' ...

(~ You Don't Have To Be The Smartest Person In The Room, You Just Need To Be Smart Enough To Know WHO The Smart People Are ~)

(~ Know What You Own ~) ... and always' when money is involved ... (~ Watch Your Six ~)

The WMI Senior Debt' (Tranches 1 through Tranche 4), NEED TO BE COMPLETED' ... then ?

(~ Watch The Newco' COOP' It IS' The Tell ~)


AZ

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today