Tuesday, July 12, 2022 6:56:45 AM
There are 2 CH11 cases filed on Washington Mutual, the first case is number 08-12228, the second case is number 08-12229.
This way only makes sense if the assets in the first case should be protected from the negotiations of the 2nd case.
If you now look at all procedural documents, they (almost!) always refer only to the second proceeding, even the POR7 exclusively concerns case 08-12229!
Almost - because if you now look at the document
http://www.kccllc.net/document/0812229191220000000000001,
the case 08-12228 is also closed here.
From my point of view this means:
POR7 only for 08-12229, thereby also only 75/25 for all assets treated in this case -> Save Harbor at 100% to UQ's.
Sometimes you can't see the forest for the trees.
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