Replies to post #80173 on Lehman Brothers Financial SA (LEHNQ)

[joyceschoice]

Toogood - Your numbers are new to me of 1T in claims reduced to 300B. Do you have a link?

The numbers discussed from many years earlier from Coach and others were 639B and 619B in assets to debt posted about many many years ago. I don't doubt there is a discrepancy between adjusted senior claims and current payouts but the numbers in your post seem quite different. Please explain.

https://www.investopedia.com/articles/economics/09/lehman-brothers-collapse.asp

https://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers

[SwissCheeseAccount]

im still lost on how 350b got approved with 639 bil in assets and they are broke and still have assets. still yet to get an answer

[Joe Stocks]

>>The Residual asset, if there is any, will be “donated” according to the POR. but the POR did not mention on “Who will be the recipient” All we can do at this time is use our logic and guess. Although keep in mind that “donation” technically differs from “distribution” <<

Yes, it does not say who it will be donated to. But it does say it will be donated to a not for profit 501(c)3 organization.

[newflow]

BALANCE SHEET IS UNAUDITED

Assets were $691 Billion

Liabilities were around $620B as of end of 2nd Q of 2008.

claims in ch11 were around 1.2T which were brought down to around $340B and still there were some claims which were to reduce further.

Creditors were distributed cash as per the agreements, LBHI Plant Trust is issued one big stock for all its assets.Some assets were being liquidated, some businesses are running as usual.

$55B NOL is a big assets Plan trust has, which could be utilized with its own assets and get benefits due to Ch11.

LAMCO was born with assets around $400B and lurking somewhere.

ECAPS were to get some preferreds on par with class 12.

Class 10 needs to be satisfied in full before Class 11 and 12 get anything.

Class 12 plays a major role in order to Utilize NOLs, it is docketed to restrict trading more that 4% or so,due to NOLs.

And above all, all the claims file by BNY were allowed, not disputed.

Read FAQ about allowed claims.

I suggest read dockets
57036 and 57037

30% of Lehman Equity was owned by employees at the time of BK.