Since you are not on BP...wasn't sure if you had seen this math fromm sunshine...makes a ton of sense hope it eases any tension that most of us are/endured...be well my brother in Christ.
$27
Yeah, I simply FOLLOW the time frame published in LT's FINAL official announcement, namely:
"Charles Edward Smith and Doreen Logan served as the Trust’s administrators and have managed the winding-down the Trust’s operations and its dissolution. In December 2021, the administrators filed a Certificate of Cancellation with the Delaware Secretary of State’s Office pursuant to which the Trust was canceled effective as at December 31, 2021. After giving effect to the foregoing, the Trust no longer has any active operations and the administrators expect to complete a full-winding down of the entity on or prior to March 31, 2022."
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As I posted numerous times, bgriffinokc's $ 20 was WELL SPENT and APPRECIATED to affirm WMI becoming a DST prior to BK emergence which in turn ESTABLISHED/FIXED its "ASSETS" distribution scheme via the 2 SEPARATE EINs:
(1) LT EIN - Court recognized assets transfer to LT for distribution observing Lt's waterfall ( Plan 7)
(2) WMI's original EIN - Retain any REMAINING assets that were DEEMED BK - REMOTE/PROTECTED for subsequent distribution.
Remember WMI has adopted in every filing following BK emergence as " WMI Liquidating Trust, as successor in interest to the Debtors,"
Legal Definition of successor in interest: a successor to another's interest in property
especially : a successor in ownership of a business that is carried on and controlled substantially as it was before the transfer.
Furthermore, SUCCESSOR IN INTEREST. DEFINITION. A Successor in Interest is someone who has received an ownership interest in a property, even if they are not obligated to repay the debt. In other words, individual(s) (I.e., WMI Liquidating trust) who may have inherited or had a property transferred to them with no requirement to pay for the property.
Conclusion: The cancellation filed by the trust administrators in Dec 2021 making the WMI liquidating trust officially "DEAD" effective Dec 31, 2021 meaning the 'DEATH Certificate" issuance date and recognized as such by all authorities.
Where is then the progress?
(1) LT EIN part - LT has REMOVED the infamous Escrow cusips and whatever cash remained was donated to charity - wind up done
(2) Original 'WMI" EIN part - Wind Up not complete until "emptying" its content and the TIMING is communicated to us ( including Tepper) as follows-
a full-winding down of the entity on or prior to March 31, 2022.
AI
