Lehman Brothers Financial SA (LEHNQ)

[AZCowboy]

~ CottonBall', Yes I See (and great work !), However, How can a current LBHI CT Owner Be Assured That The UK's 8% accrual rate is ALSO applicable to LBHI Class 10B, and beyond the ECAPs UK Ruling ? ~

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174047582

Example: Bobby works for one week at company X and earns $1000 prior to payday. However, prior to payday company X files Chapter 11 Bankruptcy and creates a bankruptcy Plan to reallocate Bobby's $1000 to Senior Creditors' until they are satisfied in full. Bobby is still owed $1000 after the bankruptcy plus interest for his late payment. The bankruptcy plan decides to pay 8% simple interest on late paid allowed claims.

Note: If the company had a policy of paying 10% compound interest on late payroll payments, it is void in bankruptcy.

... ? ... (that would be greeeat ! !)

just sayin'

AZ