Replies to post #77922 on Lehman Brothers Financial SA (LEHNQ)

[Joe Stocks]

Should read;

the reduction of the
LBHI Tax Group’s NOLs as a result of the discharge
of debt pursuant to the Plan generally would not
occur until completion of the liquidation. Upon
completion of the liquidation of the Debtors, all
remaining NOLs of the Debtors will be eliminated.

[Muff77]

Joe,
now it is clear to me. So I understand at the time of liquidation the creditors 150 B and debtors 55 B will be counted and the rest will be anulated. So the LBHI will have zero financial books (accounting). And will be such company attractive for investors ? In that case is probably death ... is not it ?

And ...
if the Creditor debt is less than 55 Bil ? Because I thought there is only one last settlement to be validated - with Credit Suisse and then all creditors were paid off ... Not ?

[winner79]

Joe, LBHI assets at the start of Bankruptcy was $650 Billion (it does not include the $48 Billion NOL - losses prior the filing of Bankruptcy). LBHI Allowed Claims was $360 Billion.

$650 Billion LBHI Assets
minus $360 Billion Allowed Claims
==============
$290 Billion should be the remaining Assets of LBHI

What happen to the $290 Billion? If the $290 Billion is totally gone (which we believe is not), are they not considered losses of LBHI?

Joe please reply.