Saturday, November 02, 2019 12:32:46 PM
The Trust is
and will continue to be responsible for liquidating, converting to cash, and distributing the Trust’s assets to the
Trust’s beneficiaries. The beneficiaries have received, and will continue to receive, under certain circumstances as
specified by the Plan, beneficial interests in the Trust in exchange for their unpaid claims against or equity interests
in the Debtors (“Liquidating Trust Interests” or “LTIs”). The LTIs are not transferable except by will, intestate
succession or operation of law. The outstanding balance for LTIs as of September 30, 2019 is zero.
http://www.wmitrust.com/wmitrust/document/8817600191101000000000001
CASH gets distributed to RELEVANT TRUST BENEFICIARIES.
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