Mr Cooper Group Inc fka COOP

[The Yogi]

mordicai, Will you address the following question by matt2216 from the Y Board? (I didn’t see a response to the question by Bop):

Bop a question about Re-org... 12-Nov-09 12:06 pm
From the latest filing:

The recent amendments to the Bankruptcy Code impose a hard deadline of March 10,2010 on the Debtors' exclusive period to file a chapter 11 plan. If the Debtors recover the Deposits from JPMC, they will be well-positioned to file a plan in advance of their exclusivity deadline. Without the Deposits, however, the Debtors will not be able to construct a viable plan beneficial to their creditors.

The question is this: I know that exclusivity is essential for the debtors to stay in control of their future. Will they be able to put together a viable plan with the litigation still outstanding? Doesn't this mean that the litigation, claims, etc. need to be wrapped up by this date or can the debtors somehow get an extension if these issues are still outstanding? Can the plan include coming out of bankruptcy at some point in time in the future when the litigation is settled (in other words have an unexecuted plan just as long as the plan is in place to satisfy this requirement of the 18 month deadline?)

Thanks for your help.