Mr Cooper Group Inc (COOP)

[newflow]

Split T, LT can administer the debtor even after closing the bankruptcy cases,by design.WMILT is a grantor's trust for the "benefit of creditors" and creditors were the grantors as per my understanding.Trust beneficiaries(creditors as grantor) assets can't be distributed to non trust beneficiaries, as per law and as per my limited understanding of the reading.
LT still can manage the trust and debtor's assets under the supervision of a committee which is TAB or appoint a successor admins.
LT reports only on unrestricted cash basis,designed by law,including that $20B distributed to LT/DCR on the Effective Date.
Just waiting to see when they update the FAQ of LT website which would tell how much the escrow cusip's get based on last transcript,if i understood it properly.
I believe equity might receive LTI's some time soon along with final distribution of LT as per POR7, as mentioned in the closing application.As per POR 7,DS,Confirmation and other relevant documents filed with in a court of law suggested that equity would receive LTIs.
One of the QSR's before the last one suggested that Trust can't issue LTI's inadvance to distribution's to Class 18.
EC in court mentioned that equity would receive LTI's,a potential recovery for equity holders.
AJMHO.