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Wednesday, February 28, 2024 12:28:32 AM
Assets were Marshalled.
1. Claims were processed and satisfied thru class 18 'Jan 2020.
2, Administrators were appointed thru court order, Trustee and TAB were replaced by Administrators. 'Jan 2020.
3. Before this timeline, Assets were Marshalled for whose benefit?.
4, WMILT was formed for creditors as grantors and beneficiaries(ultimate) as direct owners.
5. Woodway was formed in 07/2020 as a Fiduciary, just after class 18 distributions and after the time lapsed for returned distributions(6 months from Jan 2020).
6. So, IMO from July 2020 thru Dec 2021 and beyond, they have been monitoring the assets and finally cancelled WMILT, but continued administering the assets and liabilities, probably Woodway is doing the good work and all fiduciaries including MW must be doing something behind the scenes.
7. In Mirant case this what MW did imo.I was wondering about that case and Mr.Smith's email caught my attention and fits as expected.
8. $33B + should flow in paid out by somebody somewhere down the line as Mr.Folse quoted in the court.
"Being direct owners they had the right to transfer the assets, not needed to consent ,LOL."
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