WMI Liquidating Trust (“WMILT” or the “Trust”), as successor in interest to Washington Mutual, Inc. (“WMI”) and WMI Investment Corp. (“WMIC”), formerly debtors and debtors in possession (collectively, the “Debtors”)2
2 - In accordance with terms and provisions of the Confirmation Order, as defined below, WMIC has been dissolved.
• March 19, 2012, is known as the (ED) Effective Date which is the last date of an Ownership Change when former (both) preferred & common prospectuses & ALL associated documents were canceled
• On 12/8/2017 there were several filings including a California WaMu 1031 Exchange dissolved, a Delaware 1031 Exchange opened
• On 1/18/2018 WMIIC is dissolved, then on 2/13/2018 WMIH announces merger with NSM
• On 7/31/2018 WMIH closed merger with NSM
• "The Delaware statutory trust described above is an investment trust, under § 301.7701-4(c), that will be classified as a trust for federal tax purposes."[8][9]
"[M]ay a taxpayer exchange real property for an interest in a Delaware statutory trust without recognition of gain or loss under § 1031 of the Internal Revenue Code?"[8][9]
"A taxpayer may exchange real property for an interest in the Delaware statutory trust described above without recognition of gain or loss under § 1031, if the other requirements of § 1031 are satisfied."[8][9] What was exchanged?
set forth in the Confirmation Order,the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.
CERTIFICATION OF COUNSEL REGARDING - SCHEDULING OF OMNIBUS HEARING DATE
The undersigned hereby certifies that the Court has provided the hearing date set forth on the proposed order, attached hereto, for the above-captioned chapter 11 cases. WHEREFORE,WMI Liquidating Trust, as successor in interest to Washington Mutual, Inc. and WMI Investment Corp., formerly debtors and debtors in possession, requests that the Court enter the proposed order, attached hereto, at its earliest convenience.
On January 18, 2018, WMIH Corp. (the “Company”) announced that it has completed the dissolution of its wholly-owned subsidiary WMI Investment Corp. (“WMIIC”). Earlier today, WMIIC filed a Certificate of Dissolution of WMIIC with the Office of the Delaware Secretary of State. The dissolution of WMIIC was effective immediately upon the filing of such certificate.
Prior to September 26, 2008, WMIIC held a variety of securities and investments; however, such securities and investments were liquidated and the value thereof distributed in connection with implementing the Company’s Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code. As such, WMIIC did not have any assets or operations at the time of its dissolution. A copy of thepress release issued by the Company on January 18, 2018 announcing the dissolution of WMIIC is filed herewith as Exhibit 99.1 and incorporated herein by reference.
BOrd dork curious why you CONveniently left this part out???????????????
WMI Liquidating Trust (“WMILT” or the “Trust”), as successor in interest to Washington Mutual, Inc. (“WMI”) and WMI Investment Corp. (“WMIC”), formerly debtors and debtors in possession (collectively, the “Debtors”)2
"There is no 75/25 on everything as you've said. 75/25 refers to what is within the LT's jurisdiction. The LT only became successor in interest to WMI according to this filing.
Quote taken from the Order, page 2 of 6., the debtors just filed."
... "75/25 refers to (ONLY) what is within the LT's jurisdiction." ...
... WMIH-Corp has quite obviously, now been put into a position to be able to move forward, ...
... The "Financially Individual" ... Hundreds of ABS-Certs packaged into Performing Trusts Are Segregated and Individually managed by their own “Trustee” ... (many began being trackable ever since January 2018) ...
... the WMI-LT doesn’t have "zip" to do with the Tranche 5 Class 17 WMB Notes ...
... the WMI-LT doesn’t have "zip" to do with anything WMI' Wasn't Able to Own' ... (any earnings generating participation in a "Performing Trust", managed for WMI by WMIIC', which had no assets or operations of its own') ...
Due to this fact', ... ~ NO, NO There IS NO 75/25 To The End ~
Per the 08/30/2018 WMI-LT Document, The Remaining Claims will be "Eliminated", and the DCR remaining "leftovers" will be RE-Distributed at the 75/25 ... roughly $40 million dollars', ... Not enough to be concerned with' ...
and again, everyone involved should take the time to read this document', ...