Mr Cooper Group Inc (COOP)

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CHATGPT - WMI LIQUIDATING TRUST INTERESTS
Are you sure that WMI Liquidating Trust issued WMI Liquidating Trust interests to creditors and equity holders?
Chatgpt
Yes, I can confirm that the WMI Liquidating Trust issued WMI Liquidating Trust interests to creditors and equity holders as part of the trust's administration of the bankruptcy proceedings for Washington Mutual Inc. (WMI). The WMI Liquidating Trust was established to manage and distribute the remaining assets and liabilities of WMI to its creditors and equity holders following the sale of WaMu's banking operations to JPMorgan Chase and the subsequent bankruptcy filing by WMI.

Under the terms of the WMI Liquidating Trust agreement, eligible creditors and equity holders of WMI were able to receive WMI Liquidating Trust interests in exchange for their claims against WMI. These interests represent a portion of the remaining assets and liabilities of WMI that are managed and distributed by the WMI Liquidating Trust.

The issuance of WMI Liquidating Trust interests to creditors and equity holders is a common mechanism used in bankruptcy proceedings to distribute the remaining assets of a bankrupt entity to its stakeholders.