LBHI has always focused on satisfied-in-full for their third party Creditors:
"Second, the Plan Administrator’s estimate of LBHI’s remaining assets is
approximately 1.0% of LBHI’s Distributions to third parties to date."
From docket 61143
Note: The estimated remaining cash flow of $1.1 Billion was reduced in the UK 10/20/21 judgement by approximately 400 million.
$$$$$
"3
Financial Report.
3
Second, the Plan Administrator’s estimate of LBHI’s remaining assets is
approximately 1.0% of LBHI’s Distributions to third parties to date. This estimate will yield
additional Distributions of between 0.459% to 0.699% of the Allowed amount of Claims in the
Eligible Classes, subject to the same notes, caveats, and considerations.
4
Third, even at this late
stage, the timing of LBHI’s ultimate liquidation and the ultimate remaining amount available for
Distribution cannot be determined with precision; both depend primarily on the inherently-
uncertain resolution of various significant litigations in other courts and recoveries from a
number of LBHI’s foreign, non-controlled affiliates.
4. The Plan Administrator estimates that creditors in the Eligible Classes will
receive additional aggregate Cash Distributions that range from twelve cents ($0.12) to $122
million over time. A stratification analysis of these creditors reveals that the overwhelming
majority in number of creditors will recover the overwhelming minority in amount of future
Distributions over time. Specifically, 90% of remaining third-party creditors will recover less
than 1% (approximately 0.71%) of all future Distributions.
5. Most of LBHI’s remaining creditors will receive the smallest
Distributions. More than 3,100 creditors (approximately 61% of all remaining holders of
Allowed Claims) will receive less than $1,000 in aggregate additional semi-annual Distributions
over time. In total, approximately 4,523 creditors will receive less than $25,000.5
The number
of creditors and the range of estimated future Distributions is illustrated in the following chart:
3 See Q1 2021 Financial Report.
4 The Claims pools are essentially stable at this point, as virtually all Disputed Claims have been resolved.
5 Each creditor estimated to receive future Distributions totaling less than $25,000 on account of the aggregate of all
of their Claims are referred to herein as the “Eligible Creditors,” and their Allowed Claims, the “Eligible Claims.”
08-13555-scc Doc 61143 Filed 05/28/21 Entered 05/28/21 09:17:15 Main Document
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