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Re: ron_66271 post# 684902

Friday, 04/08/2022 8:02:01 PM

Friday, April 08, 2022 8:02:01 PM

Post# of 749756
ron... again you have to explain what the POR 7 states, page 20, paragraph 2............ALL ASSETS OF WMIIC WERE PLACED IN A GRANTORS TRUST TO SETTLE EQUITY CLAIMS.....wmi, and wmiic created the WMIL-T to settle these claims.... WMI became WMIL-T and settled creditors claims up to class 18, with class 18 being impaired... after the chapter 11 closed, wmih emerged with a name change.... so, ALL means ALL, it does not say Wmiic placed partial assets, or just enough assets , it means ALL ASSETS were placed in the TRUST....if WMI had subs, the assets were placed in the WMIL-T too...... Lodas

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