Mr Cooper Group Inc fka COOP

[contrarian bull]

Partly coincidence, partly by design that there is just enough left to pay all of the creditors. All along it was known what the pool of money was for the bankruptcy, and the big liability question mark was sold away. So previous disbursements were tailored to get everyone paid and maybe a few pennies left for shareholders.

I'd say they did an amazingly good job. As it turned out the assets they sold were worth many billions more than they got for them, so that was a "mistake" - but I think that was no accident if you know what I mean.

In any case - as of now everyone has their money except the floor sweepings they owe to the escrow holders.

In most bankruptcies things end up close to zero for shareholders - they don't usually let net worth go too far negative before bankruptcy is invoked. Hey - as a contrarian bull I have bought stock in many, many companies that went bankrupt and I'd say WMI was all in all one of my success stories. Better than WoW and Worldcom for sure!

What you are talking about is like what the hedge fund creditors used to say is that somehow there is exactly 7B to pay the creditors but short of 20M and therefore SH get nothing and creditors get the estate.
It makes as much sense as the hundreds of billions theory.