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Post# of 730592
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jumpinjak

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jumpinjak

Re: griff100 post# 32766

Thursday, 10/23/2008 8:30:25 PM

Thursday, October 23, 2008 8:30:25 PM

Post# of 730592
An extension to submit thier detailed scheduels: assets,liabilities,credtors,debtors and the reorganization plan.

extended deadline: DEC 29

The main requirement in all BK's is to be completely tranparent or naked down to the penny. If its perfect then nobody can dispute it. Law dictates the orderly distribution of the assets to the creditors

An excellent CH 11 reorganization plan is needed as well, It needs to be brilliant,impressive and optimstic.

The FDIC objected to WAMU getting thier 4.4 billion untill the scheduels are complete;because only then will you know who it belongs to . In other words a secured creditor might have a claim on it.

WE ARE UNSECURED CREDITORS,WE GET LEFTOVERS, THATS WHEN WE FIND OUT WAMUQ'S VALUE.




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