Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

wamugold:

<<It all depends on how much money or assets if any are left over after paying creditors etc.>>

Generally, the POR must be completed as agreed if not the Debtors paid in full before creditors see a dime.

<<I don't know if they can want to revert to chapter 7 eliminate everyone left and then form a new company with a clean slate.>>

You're correct Chp 7 for the non-Broker-Dealer is still possible, but the debtors could be gutted or receive less than "rolling the red carpet out to creditors" to operate a post-BK Lehman with a DIP facility or new partner.

But, in either scenario, someone has to step up.