Tuesday, January 18, 2022 12:35:54 AM
on page 4, article 1.6 states......No reversion of Liquidating Trust Assets shall return to the Debtor or reorganized Debtor.........I call your attention to the phrase Liquidating Trust assets, not WMI ASSETS...WMI funded the WMIL-T with only enough assets to satisfy the conditions of paying off creditors, and , or other claims only, and whatever remained in the Liquidating Trust was going to charity, and not escrow holders...
on page 4, article 1.7....OWNWERSHIP OF LIQUIDATING TRUST ASSETS.......it specifically states that the Liquidating Trust beneficiary is WMI only, and as beneficiary to the Trust assets, those assets belong to WMI only, and no other.....the PLR , and the WMIL Liquidating Trust agreement states that WMI created a GRANTORS TRUST with Wmi as the sole beneficiary, and does not name esc rows as successors to these assets....these are not my words, but legal documents as signed to create the Liquidating Trust...I urge all of the board to take the time to read this important document..... Lodas
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
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