InvestorsHub Logo
Followers 0
Posts 1043
Boards Moderated 0
Alias Born 11/12/2019

Re: SwissCheeseAccount post# 100306

Wednesday, 06/22/2022 3:28:13 PM

Wednesday, June 22, 2022 3:28:13 PM

Post# of 112399
I am not an expert on this. I will admit that. But, based on my DD, LBHI is a debtor and 3rd party releases are for non debtors.

An example would be lets say after our discharge from LBHI, our Trustee can get a release of their fiduciary duty from us from the court. Its between non debtor entities.

They have something like this so, nondebtors will go with BK plans without fear of getting sued later. Its not just between trusts relationships. It can be between other nondebtor entities.

Debtors like LBHI uses discharges. The Release is not for debtors.

If you want to refute this, you can. I am telling you why based on my DD.