Mr Cooper Group Inc (COOP)

[linda1]

"Only thing WMI is liable for currently is it's secured debt which comes to 8.3 Billion with H's included and it's preferred shares which total 3.5 Billion, which includes the K and P shares."


Is WMI liable for the preferred shares - wamkq and wampq?


I thought these shares were considered equity and not debt like the capital trust shares - wahuq.


Is that not why preferred and commons are often cancelled in bankruptcy so a company can reorganize and emerge from bankruptcy with some assets?


Can anyone answer these questions for me?