>>This NOL is for old equity interests 51% + 49% creditors interests.<<
More mis-information. LBHI owns 100% of the NOLs. IRS rules simple state that if there is a change of ownership, LBHI must retain 51% of the equity in the enterprise. The OBS was set up for LBHI to retain 100% ownership through liquidation so NOL credits could be used to offset taxable gains of the liquidating enterprise, to increase the recovery to the creditors of the estate.