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Alias Born | 05/18/2013 |
Monday, February 05, 2024 6:17:08 PM
So that was the big holdup. 15 years later we are close to the end. Once LIBOR is settled the funds can flow.
And yes, the LT escrow markers were deleted, but as wwhathe stated clearly, our escrow POSITIONS were not deleted. They are alive and well and waiting to be reactivated.
"The statement "Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets" indicates that the Bankruptcy Court and WMI Liquidating Trust (WMILT) have been waiting for the completion of the final reconciliation of remaining claims and the monetization of assets. This suggests that there are ongoing processes to resolve any remaining claims and to convert assets into cash or other forms of value. The outcome of these processes will likely have an impact on the distribution of funds or assets to the relevant parties involved in the liquidation."
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