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Re: AZCowboy post# 562219

Tuesday, 03/05/2019 9:33:02 AM

Tuesday, March 05, 2019 9:33:02 AM

Post# of 749756
A general lack of understanding seems to rule the day when it comes to 75/25% to the end.

As you know, the reorganizing debtor's assets were, are and never will be available to the WMI-LT for distribution.

The 75/25% was for reorganized debtor shares, and the creditors did not vote on it because they did not have a claim to it.

Therefor, there was no violation of the APR, as stated in open court during the confirmation hearing.

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