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Post# of 729874
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David West

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David West

Re: SlyOne post# 178389

Monday, 03/22/2010 12:52:37 PM

Monday, March 22, 2010 12:52:37 PM

Post# of 729874
Easy to be confused.

With the mass of information being exchanged on the board it is easy to get confused, but you are not.

Creditors have extended credit to either WMI or WMB. If the credit was extended specifically to WMB, the court has opined that JPM is responsible as the debtor. If the credit was extended to WMI then WMI is the debtor. These labels do not change ownership due to bankruptcy.

Creditor = who extended the loan, or credit.
Debtor = who owns the debt or who got the proceeds from Creditor.

EOM
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