Replies to post #141 on Cheep picks

[56Chevy]

This document is the Debtors CERTIFICATE OF NOTICE.

FCNCA was officially telling the court and the debtor that they wanted to be on the official list of people who will be electronically sent copies of court docs as they become available.

FCNCA is now the owner and has fiduciary responsibility over hundreds of millions of dollars worth of UWBK's old assets. FCNCA didn't originate those loans...they have no idea what's in every loan document UWBK put out. Keep in mind UWBK was closed down for making loans they shouldn't have and FCNCA doesn't want any surprises. What if, for example, there were clauses in some of those loans that for whatever reason cannot be honored now (by the borrower or the lender)... or maybe someone says they had verbal commitments. You never know what might come out in a BK when people legally wrangle over hundreds of millions of dollars. If I'm FCNCA I have a prudent legal responsibility to serve notice I have a huge interest in what happens in this BK.

The certiciate of Notice doesn't necessarily mean the person or company listed is an existing creditor...it simply means they want court docs and if they do get involved it would be as a creditor.

Actual creditors with existing claims in a BK are spelled out in schedules D, E and F.

Here is a link to see what these schedule docs look like.

http://www.uscourts.gov/uscourts/RulesAndPolicies/rules/BK_Forms_Official_2010/B_006E_0410.pdf