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Wednesday, March 30, 2022 11:06:28 AM
OR AFTER...This IS The HUGE Question
Thanks goes to BGRIFF who spent twenty dollars to get a certificate from Delaware to prove WMI became a (DST) DELAWARE STATUTORY TRUST prior to BK emergence which in established it’s assets and distribution plan via two separate (EINs) Employer Identification Numbers.
A) WMI Liquidating Trust EIN - Court recognized assets transfer to LT for distribution observing Lt's waterfall and this for Plan 7
B) WMI's original EIN - Retain any REMAINING assets that were DEEMED BK - REMOTE/PROTECTED for subsequent distribution
WMI has PLACED in every filing following BK emergence the term, WMI Liquidating Trust, as successor in interest to the Debtors. This is huge when following the process especially the following.
1) On February 11, 2022 the Escrow Share Markers were removed from everyone’s brokerage accounts worldwide
2) On December 31, 2021 WMILT was legally dissolved and advised they would need three months to complete Ministerial Details which will happen on 3/31/2022 or before
3) Then the final resolve will be when WMI (DST) Delaware Statutory Trust distributes and totally empties it’s final contents
So, does the lastpart happen on or before 3/31/2022…it would seem so but I do NOT know for sure as maybe the distributions cannot happen until post 3/31/2022…
As I always say only filings and time passing will show us the way forward
DO NOT FORGET
A DST is established as a formal legal structure designed to be owned by multiple beneficial owners, with the underlying trust structure owning the real estate and/or other assets.
It’s Billionaires at the Gate
https://www.bloomberg.com/news/articles/2018-06-11/it-s-billionaires-at-the-gate-as-ultra-rich-muscle-in-on-private-equity
There could easily be several hundred families and may be exactly what JPM is referring to BECAUSE, yes, and unfortunately, they would have the names/accounts of investors who signed timely releases.
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