Thanks to you, I'm reading the filings!? You...!;0)
"be incurred, each further diminishing recoveries to creditors awaiting distributions.The time has come for such creditors to receive their distributions."
AZ I have an idea you have tried to explain in different ways the idea of "Holding company vs Estate" but some people still dont get it may be if you cut and paste this fact a few times maybe they will comprehend it. :-)
"~ ... I Own just exactly what the WMI Holding Company had"
"The corporate earnings"
AZC, thank you for making this crystal clear for everyone !
Said in other words and for those who comprehend financial statements - the earnings of a corporation are also referred to as "retained earnings" and in essence represent EQUITY, which is listed on the liability side of a balance sheet.
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