Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Correction: Allowed guarantee claims should not increase COD income.

Fruit for thought:

It is normal and okay for people to have different thoughts (ideas) about this BK.

School of thought A:

If the debtors were to pay only $65B, the default amount, and discharge the remainder of the allowed claims, how much COD income would they report to the IRS? And could the debtors pay this amount? Allowed guarantee claims should not increase COD income. Will this approach wipe out NOLs?

What do you think?

School of thought B:

If the debtors were to distribute substantially all their assets to creditors, before a change in ownership, and discharge the remainder of the allowed claims (or no remaining allowed claims to discharge!), how much COD income would they report to the IRS? And could the debtors pay this amount? Will this approach wipe out NOLs?

The debtors think that they can pay this COD Income amount according to the plan.