Replies to post #512161 on Mr Cooper Group Inc fka COOP

[hotmeat]

Yes, and also this...........




Quote:

2. What are the Liquidating Trust Assets?

The assets that are to be held and distributed by the Liquidating Trust (the “Liquidating Trust Assets”) comprise all of the assets of Washington Mutual, Inc. (“WMI”) and WMI Investment Corp. (“WMI Investment” and together with WMI, the “Debtors”)) as of March 19, 2012 (the “Effective Date”), other than:


(a) Cash to be distributed by the Reorganized Debtors (i.e., the Debtors on and from the Effective Date) pursuant to the Plan as Disbursing Agent to holders of Allowed Administrative Expense Claims, Allowed Priority Tax Claims (to the extent applicable), Allowed Priority Non-Tax Claims, Allowed Convenience Claims, Allowed WMI Vendor Claims, and Allowed Trustee Claims;

(b) Cash necessary to pay the fees and expenses owed to certain Creditors’ professionals pursuant to Section 41.15 of the Plan;

(c) Cash necessary to reimburse the Reorganized Debtors for fees and expenses incurred in connection with initial distributions made by the Reorganized Debtors as Disbursing Agent;

(d) Creditor Cash on the Effective Date; and

(e) the equity interests in (i) WMI Investment (all the assets of which shall be contributed to the Liquidating Trust, including any Intercompany Claims), (ii) WM Mortgage Reinsurance Company (“WMMRC”), and (iii) Washington Mutual Bank (the stock in Washington Mutual Bank was worthless and was abandoned by WMI shortly before the Effective Date).

[AZCowboy]

~ Bo, Yes I Remember, Yeppers I Surely Do’ ~

... It’s always been the words, ... ”other than”: ... as they’ refer to’, ... (e)

... The’,

”(e) the equity interests in (i) WMI Investment (all the assets of which shall be contributed to the Liquidating Trust, including any Intercompany Claims),”

... WMIIC - truly - never actually had any assets or operations, ... Per, S. Landefeld, ... WMI owned 100% of the “Equity Interest”, In WMIIC

just sayin’

AZ