Replies to post #480719 on Mr Cooper Group Inc (COOP)

[clawmann]

Note that solvency is when you have the ability to pay your bills as they come due. Solvency does not mean that your current assets exceed your current liabilities.

Assume I have a steady job making 100K, and I have savings of 100K, but I owe 300K on my mortgage and other debts. I am solvent because I am able to pay my debts as they come due, even though my liabilities exceed my assets.

[distrojunky]

Jestiron,

Yes, not liquid.

Given that is true, what would preclude ALL classes from FULL reconciliation via payment? And if these assets are in safe harbor, and truly partitioned, why would we care if all classes are covered?

There is a big difference between Absolute Priority Rule and 75%/25% split, especially if we get less than about $15B back. Please review examples presented in posting listed below. You can see it makes a big difference. I just hope we move to resolution ASAP.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=132458330