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Civil War General

12/07/17 8:49 AM

#499045 RE: AZCowboy #499042

Things are getting very interesting on many fronts.

The request for a 3 year extension by WMILT. For what? They keep saying they don’t have enough free cash to bother making a distribution to finish paying off the PIERS.

The deadlines you mentioned.

The available business days during the holiday season.

The 10 year final deadline of 26 September 2018 for the bankruptcy is fast approaching.

Won’t be long now. Santa is coming!
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bond-007

12/07/17 9:07 AM

#499047 RE: AZCowboy #499042

That is just blatantly incorrect, the BK is taking place in Delaware where the company is incorporate and a corporation is identified by law and by the courts as an artificial person; so that corp is Bankrupt in Delaware and its state laws are the only ones the Court takes into consideration period... That is why when a corp registers out of state it does so as a foreign corporation now it is true that the corp is subject to that states laws and jurisdiction of its courts in which it operates, rather registered or not because most states have what is called a long-arm statute but not for maters of this Bankruptcy
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Johnnyiwantsome

12/07/17 9:10 AM

#499048 RE: AZCowboy #499042

C. Absolutely SuckS!

So if there are no ramifications for C. what keeps them from pulling it!

Regards,
B

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Large Green

12/07/17 9:24 AM

#499051 RE: AZCowboy #499042

AZC, great post and I too know these dates very well. I agree at the very latest, that within nine days we should see distribution or at the very least notifications of such.

I also believe simultaneous to these actions or within four business days from these actions, we also see an 8K from WMIH showing us the way forward.

____________________________________

From AZC's IHUB post 499042

The Settled Mediated Result of the Judges Court Ordered 2011' Mediation, was achieved and Submitted for the Court's Approval on 12/12/2011, along with a submissions attachment of a mandated Disclosure Statement' ... Again, BOTH contacts were submitted on 12/12/2011' ...

Washington Mutual, Inc., has already completed all of its portion of the Settlement Agreements' ... with Filing # 9901 releasing WMB's "Equity Interest" on 03/16/2012', as was agreed' just ahead of the Plan 7 Implementation Date, which occurred three days later, on 03/19/2012' ... along with the Plan 7 agreed upon disbursement of WMI's Cash Settling Tranche payout' at the Reorganization' ... That Money, WMI's Some $7 Billion Dollars in Cash and Tax refunds', that Cash' ? has already been distributed some five plus years ago' ...

So, ... In My Opinion' and Conclusion, ... IF' ? ... The approved' contractual Settlement and DS, originally submitted on 12/12/2011, are not completed within their original intended result ? ... Then, ? ... there are a multitude of some very, very, very, serious problems'


Have I told you lately how much more, more and more I love my Escrow ShareMarkers that continues to grow immensely every single day forward?







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Major_Bankz

12/07/17 9:30 AM

#499054 RE: AZCowboy #499042

I agree C - Lawyers makes more money billing. imo!
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katekir1234

12/07/17 9:35 AM

#499056 RE: AZCowboy #499042

I!m pretty much sure nothing will happen on 12/12 and also not on 12/15.Don't you think we would have heard something by now??And no Ec left to protect against the crooks and our lawyer the biggest crook of all.
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es1

12/07/17 10:21 AM

#499071 RE: AZCowboy #499042

AZ sorry to ask since you likely have already done so but could you please link the 6 year rule you are talking about?
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Countyroads

12/07/17 11:13 AM

#499081 RE: AZCowboy #499042

Appears that if C happens then we we're all wrong and BK Shadow was right. We already got everything we're getting.