Mr Cooper Group Inc (COOP)

[newflow]

chapter 7 liquidation.This could also conflict with the requirements of the fair and equitable test under section 1129(b). Although that
section embodies the absolute priority rule, which forbids junior
classes of creditors or equity from receiving any distribution
until senior creditors are paid in full, it also mandates that
senior creditors not receive more than 100% of their claim before
junior classes receive a distribution.
Page 74
https://www.deb.uscourts.gov/sites/default/files/opinions/judge-mary-f.walrath/mwf2011091308-12229.pdf
When the assets get liquidated when and where it doesn't matter.Absolute priority should be applied.Thats why equity holders received some shares even before creditors got paid in the form of WMIH shares so that they would receive something early than until liquidating the assets.Now wmilt is dissolved and winding up, its the yime to liquidate/consolidate/merge and distribute to original owners.