Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

most LBHI creditors dont follow the bankruptcy at all imo. most are big firms/hedge funds and only bought too make a quick buck. the theory of "the larger creditors will hold claims until bk is over so they can use it as a tax write off" has already been somewhat debunked. with most creditors buying the claims at a steep discount (dating back from 2008 too now) most of the write offs have most likely already been taken. LBHI will continue to buy back claims until only classes 10a-equity remain imo. If all senior creditors receive a final distribution and off chance LBHI has a "surplus" of funds, none of the senior creditors can collect or try taking LBHI to court over it. If there is any surplus of money after that, it will have to go to 10a-equity. If it boils down to that I highly believe LBHI will form a new company.