Lehman Brothers Financial SA (LEHNQ)

[linda1]

It is illogical to me that the DS and other more recent documents state that the Senior Creditors are entitled to post-bankruptcy interest - if there is no intention to pay the Senior Creditors their Claims in full.


According to the Bankruptcy Code the Senior Creditors are entitled to full payment of their Claims + post -bankruptcy interest before Junior Creditors receive a recovery - unless the Senior Creditors vote for a Plan that states otherwise. There is nothing in the DS or Plan that states that the Senior Creditors will only be paid what is the estimated Recovery.