InvestorsHub Logo
icon url

hotmeat

10/31/18 1:38 PM

#544912 RE: wcheng #544908

If they exist yes. A QSR is a bankruptcy document while Safe Harbor assets are bankruptcy remote. Those assets, if any exist, cannot be accounted for in any bankruptcy process or document once the bankruptcy is still active and creditors are still owed..

Also read up on Liquidation Basis of Accounting, which the LT uses, described in every WMILT QSR. They make it very clear that only assets in liquidation or soon to be liquidated is accounted for ie only when the LT is in the possession of said assets and ready to liquidate or have liquidated them will it be represented in the QSR.

Do not take my word for it, read the documents and see for yourself whether my assessment is correct or wrong. Too much misinformation is being purported as facts.