Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

Nols can be indirectly transferred. Read the bankruptcy corporate tax loop hole

I’m not mis reading 15.2. It says that a new entity Or an existing entity can have new shares issued to it and those shares can be issued to creditors and satisfy their claims in full. You can literally even add it to chatGPT and it’ll say the same thing. You can even email a business lawyer expert and they’ll say the same thing. 15.2 is straight forward but it is technically an option.


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If you think it out there is no need for a new entity for LHBI as if anything is left over it would flow to equity holders. But it is obvious there will be nothing left over as the creditors have not been satisfied in full.

Ok Joe use common sense here, you say “there will be nothing left as creditors have not been satisfied in full.” So how tf would there be a discharge of of debt wherein all the debt is wiped out and no equity shares are issued if satisfied in full wasnt reached?? Satisfied in full is reached when all cash payments under the plan have been met, however, in the event new shares would be issued, the holders of allowed claims would still receive shares based on how much of their claim is left.

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I have no idea what you are trying to say here. What does LBHI snake the creditors mean

the whole point of all this is to pay back creditors. For some reason you speak in terms of LBHI is not trying to do that and for whatever reason they don’t want to issue new shares that would help repay creditors.


After all cash is distributed, Lehman must then distribute any remaining assets. The last asset is the NOL.

All company claims must be settled. If they have a big ass NOL left, WHY TF WOULD THEY NOT UTILIZE IT TO SATISFY REMAINING CLAIMS?????