Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

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Unfortunately there is no "after the plan" for Lehman nor the CT holders. The plan calls for ALL assets to be liquidated,

Hey Joe! I see wayne,,, OOOPS i meant highway called you in for reinforcements! I am what you call the last evil villain, no matter your efforts your attempts are futile


number 17

from: http://arklatexlaw.com/practice-areas/bankruptcy/chapter-11-bankruptcy-reorganization-frequently-asked-questions/

The discharge received by a nonindividual debtor in a Chapter 11 case depends on whether the plan confirmed is a plan of reorganization or a plan of liquidation. The discharge received in the confirmation of a plan of reorganization discharges a nonindividual debtor from all scheduled pre-confirmation debts without exception. However, if the plan confirmed is a plan of liquidation and if the debtor does not engage in business after consummation of the plan, a nonindividual debtor does not receive a discharge.

nonindividual (i.e., a corporation, partnership, etc.).

Joe you sat on this board for 10+ years saying this bankruptcy is a plan of liquidation and there will be no business after. But according to what you say vs what the law says, if it is a plan of liquidation then the debtor will not receive a discharge. How will NOLS be fully utilized to discharge debt if a plan of liquidation under chapter 11 where everything is to be liquidated and there will be no more business afterwords as you claim states that the debtor will not receive a discharge?

Lehman brothers holdings ---->INC<----

The word "incorporated" indicates that a business entity is a corporation

https://www.legalzoom.com/articles/what-does-incorporated-mean-in-business


nonindividual (i.e., a corporation, partnership, etc.).