Replies to post #461445 on Mr Cooper Group Inc fka COOP

[clawmann]

There is still - as far as we know - only 2.1b (after JPM gets its $650 off the top) to be paid to DB and the senior noteholders (who are sitting in the same class and will share pro rata in whatever is distributed to that class). Nothing in the settlement agreement can be read to suggest that there is more out there than what is currently before the eye.

[newflow]

They get paid like any other unsecured creditor on a promise,

"will not subordinate or otherwise diminish the Trustee Allowed Claim"

[Donotunderstand]

propotionally

we can debate if WMB was bankrupt

we can debate if the parent was bankrupt

but with a court record that WMB owed more than it had - not all claims can be paid

I work only from what I remember from listening to the court proceedings and the final written agreements

e.g. I can agree with everyone else who is long that the parent had a DEPOSIT at WMB that should have gone to the parent without a negotiated offset (counter amount to JPM)

But - it is all history