Dude: no clue on timing, other than the FDIC is in control and has one objective.......ELIMINATE UWB Receiver and any related entities......????......ASAP........these people are ROCK SOLID TOUGH AND SMART........they don't futz around with folks like us..............
My only "discussion point" with the FDIC at this stage is.............THE DIVIDEND being paid out to the lone proven creditor............"qualifying" the dividend versus not doing anything................= ordinary income treatment (for the non-IRAs - which is only delayed) and this is PAINFUL as hell, for some of us........pushes all of our income, including this mess into the 33% tax bracket......or higher...............over a million dollars, for me......total......but at least 1/2-million??......MORE.....in 2024.....by not "qualifying the divvie.....(we can appeal the treatment with the IRS, but still have to pay the tax and then start a long, arduous process that we always lose, imo).....
THE FDIC IS GOING TO FLEX AND SHOW OFF, imo.............with UWBI..........a payout of $116mm, as a dividend, brings back about 25%, on average right back to the US Treasury/IRS...........for year 2024..................$29-million comes right back to the gov't, FROM UWBI's receiver payouts..............
WHATEVER........end the nightmare, please...........................aimho...............
