I disagree...
The key difference is that WMI confirmed a traditional reorganization plan that both distributed cash and created a small ongoing company for equity, while LBHI confirmed a liquidation-style plan focused on orderly wind-down of assets with no meaningful ongoing operating business.
Gentlemen! we are Broke, No 100's of Billion in Assets,
Max10-20 Billion in Spv's/ off balance sheet, as of today IMO (My DD)!
The only practical/legal hope for LBHI to recover as a going concern lies in its continuing ability to manage and monetize remaining assets and claims. LBHI itself does not have ongoing operations or generate operating cash flow; its role is essentially as an entity overseeing asset recovery, claims resolution, and orderly wind-down, without pursuing new business or traditional reorganization.
Key to any “going concern” recovery path is the preservation and realization of value from the massive portfolio of residual and illiquid assets, including claims on affiliates and tax refunds, Nol's included!
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