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Alias Born 04/27/2005

Re: None

Thursday, 04/23/2026 3:23:34 AM

Thursday, April 23, 2026 3:23:34 AM

Post# of 116335
Why you guys are in a hurry for ANY CLOSURE???
Quick takeaway on the endgame (honest, as usual):
A “final decree” in Lbhi case basically means the estate is fully administered and the book is closed under the current plan.
TRuPS sit at the very bottom of the waterfall. So if we reach final decree with no surplus created beforehand, recovery is almost certainly zero.
Key point: for TRuPS to get anything, a structural event must happen BEFORE (or instead of) closure — think balance sheet transformation (NOL monetization), merger/shell use, or a legal shift that changes distributions.
IMO, After final decree, we’re no longer in the normal process and we’re betting on rare exceptions.
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