Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

🆘

AI The entry referencing "Restelli, Stephen C." relates to a claim against Lehman Brothers Holdings Inc. (LBHI) that was handled as part of the company's bankruptcy proceedings following its 2008 collapse. Placing the claim into the LBHI plan trust meant that it was designated for eventual payment, along with other creditors' claims, from the remaining assets of the bankrupt company.
Background on the LBHI bankruptcy
Case details: Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York under Case No. 08-13555.
Plan trust: A "Plan Trust" was created as a liquidating trust to oversee the remaining assets and distribute payments to creditors with "allowed" claims. This trust managed the final wind-down of the company.
Exhibit A: In the context of bankruptcy filings, documents like "Exhibit A" are often schedules that list specific creditors, their claim numbers, and the approved amount of their claims.
What the exhibit entry means
For the individual listed:
Respondent Claim No. 25478: This was the unique identification number assigned to Stephen C. Restelli's claim in the bankruptcy case.
Claim Amount: $1,081,498.00: This is the amount that was ultimately recognized and allowed by the bankruptcy court for this specific claim.
Placed in LBHI's plan trust: After the claim was reviewed and its amount was determined, it was placed in the plan trust along with other allowed claims. This meant the claim was eligible to receive distributions (payments) from the trust as the remaining assets were liquidated over time. The trust then made distributions in accordance with a schedule based on the assets it was able to collect.
Document reference
The document reference "08-13555-jmp Doc 27630 Filed 04/27/12 Entered 04/2" provides context for the specific court filing where this claim was scheduled. It indicates that the document:
08-13555-jmp: Is part of the Lehman Brothers bankruptcy case.
Doc 27630: Is the specific docket number for this filing.
Filed 04/27/12: Was filed on April 27, 2012, several years into the bankruptcy process.