Absolutely...There is just less leverage to the Trusts.
However, there are bonds being held by the Trustee that were purchased from Lehman when the Trust's shares were sold. Those claims are on record and are valid IMO...and I cannot imagine a scenario that the Trusts do not share in some fashion at the table of reorg.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.