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Re: MadBadger post# 746606

Wednesday, 08/20/2025 4:47:22 PM

Wednesday, August 20, 2025 4:47:22 PM

Post# of 749756
MadBadger, Thank you for sharing. There is one vital piece of information in this filing that I find very interesting. There are several investors who believe WMI is still alive, and I will call it DST WMI, BUT they may call it something else, like WMIHC or similar. I will list the filing that MadBager just posted, then I will post the WMIH Commitment Letter that obfuscates who is co-signing the 3B loan for WMIH in Feb/2018 to purchase NSM. ANNEX C-1 at the end of the filing.

https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539dex105.htm

Form of Solvency Certificate

Reference is made to Credit Agreement, dated as of [•] (the “Credit Agreement”), among [•] (the “Borrower”), the lending institutions from time to time parties thereto (the “Lenders”), and [•], as Administrative Agent.

Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. This certificate is furnished pursuant to Section [•] of the Credit Agreement.

Solely in my capacity as a financial executive officer of WMIH and not individually (and without personal liability), I hereby certify, that as of the date hereof, after giving effect to the consummation of the transactions in connection with the Bridge Facility:

1. The sum of the liabilities (including contingent liabilities) of WMIH and its restricted subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of WMIH and its restricted subsidiaries, on a consolidated basis.


2. The fair value of the property of WMIH and its restricted subsidiaries, on a consolidated basis, is greater than the total amount of liabilities (including contingent liabilities) of WMIH and its restricted subsidiaries, on a consolidated basis.

3. The capital of WMIH and its restricted subsidiaries, on a consolidated basis, is not unreasonably small in relation to their business as contemplated on the date hereof.

4. WMIH and its restricted subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur, debts including current obligations beyond their ability to pay such debts as they become due (whether at maturity or otherwise).
For purposes of this Certificate, the amount of any contingent liability has been computed as the amount that, in light of all of the facts and circumstances existing as of the date hereof, represents the amount that would reasonably be expected to become an actual or matured liability.

IN WITNESS WHEREOF, I have executed this Certificate as of the date first written above.

[WMIH]
By:
Name:
Title:
[Solvency Certificate]

___________________________________

The following is what I find interesting in the filing below that MadBadger posted. Does WMIC indicate WMI and has all of the wealth in a DST that the timely-signed releasors own a BENEFICIAL INTEREST IN?

https://www.inforuptcy.com/browse-filings/delaware-bankruptcy-court/1:25-bk-11209/bankruptcy-case-wmi-liquidating-trust

U.S. Bankruptcy Court
District of Delaware (Delaware)
Bankruptcy Petition #: 25-11209-BLS

Assigned to: Brendan Linehan Shannon
Chapter 7
Involuntary

Debtor disposition: Dismissed for Other Reason
Date filed: 06/24/2025
Debtor dismissed: 07/24/2025

Petitioning Creditor

James Ezell udt

1113/1115 Monroe Avenue
Ashbury Park, NJ 07712
732-233-5525

Alleged Debtor

WMI Liquidating Trust

800 Fifth Avenue Suite 4100
Seattle, WA 98101
KING-WA
Tax ID / EIN: 00-0000000

dba
William C Kosturos

dba
Washington Mutual Inc. Liquidating Trustee

dba
WMIHC

represented by
WMI Liquidating Trust


PRO SE
U.S. Trustee
U.S. Trustee

Office of the United States Trustee
J. Caleb Boggs Federal Building
844 King Street, Suite 2207
Lockbox 35
Wilmington, DE 19801
(302)-573-6491


...

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