Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

>>THE ONLY WAY LEHMAN CAN AVOID PAYING INTEREST IS TO FILE A CHAPTER SEVEN BANKRUPTCY FOR A COMPLETE DISSOLUTION OF THE COMPANY.
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That is not correct. The Lehman bankruptcy plan is a chapter 11 liquidation plan. The difference only being from a chapter 7 is that instead of immediate liquidation that chapter 7 requires, in chapter 11 liquidation they can take their time to liquidate to maximize assets being liquidated value for the benefit of creditors.

As to NOLs, filings clearly state that ALL NOLs will be utilized for cancellation of debt. And this makes perfect sense. The IRS will not allow Lehman creditors write off $120 Billion of Lehman debt (benefit to Lehman) and let them keep $50 Bil+ in Net Operating Loss credits.

What you fail to recognize is that Lehman is in business in name only. All assets have been turned over to administrators to liquidate the whole company for a complete dissolution under a chapter 11.

Look it up. "Chapter 11 liquidation"