Class 19 Claim Against The WMI Estate has Not Been Satisfied.
The Reorganization Debtor trading as COOP has not satisfied their claims.
Take the PQ’s as an example;
Currently a P’s $1000 claim has redeemed $66.69 at COOP pps of $40.42.
COOP pps would need to be $606.06 to Satisfy the P’s face claim.
The Retained Earnings of $20.7 billion, now around $25 billion distributed 75/25% was agreed to in Plan 7. The RE/DCR is NOT in the Plan 7 LT for Creditors. 75/25% is NOT Global.