Mr Cooper Group Inc (COOP)

[hotmeat]

While there is always a possibility commons can be cancelled, in this case it is unlikely. Based on the facts that the difference between A/L is small, a large portion of the assets is cash and cancel of shares must be approved by bankruptcy judge.( The liabilities, most are due 20-30 years from now). There are outstanding issues with lawsuits against FDIC/JPM which they are poised to win massive compensation which would make A/L positive. There is the issue with NOL which rely on share structure remaining in tact. Then there are the large investors like TPG who pumped billions into wamu, some of which came from the Chinese govt. to deal with. If I were you I would start reading now to confirm all this since all info and court docs are here via links. Hope this helps a bit.