Replies to post #547251 on Mr Cooper Group Inc (COOP)

[SamuraiProgrammer]

Very interesting. I always distrusted the word ‘certain’ in these documents.

I wholeheartedly hope you are right. I also hope the SH Assets find their way to the shareholders.

[mattchew]

Well said boarddork!

Everything you stated is a fact and is supported by supporting documents!

I have been trying to say the same thing for years, by posting facts and links, for example.....


General Information

On September 26, 2008, Washington Mutual, Inc. ("WMI") and WMI Investment Corp. ("WMIC" and together with WMI, the "Debtors") filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court") (Case No. 08-12229 (MFW)).

On February 24, 2012 (the "Confirmation Date"), the Court entered an order confirming the Debtors' Modified Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United Stated Bankruptcy Code, dated December 12, 2011 as modified (the "Plan"). To view a copy of the Plan, together with the corresponding press release and Form 8-K that was filed by WMI with the Securities and Exchange Commission ("SEC") on the Confirmation Date, please click here to access the Plan.

On March 19, 2012 (the "Effective Date"), the Plan became effective and certain of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust") as further described in the Plan. To view a copy of the Form 8-K that was filed by WMI (which changed its name to WMI Holdings Corp. on the Effective Date) with the SEC on the Effective Date, please click here.

Further information regarding the WMI Liquidating Trust and/or the Debtors is available by clicking on each of the links to the left. The link titled "Bankruptcy Court Documents" contains a link to the filings that the Debtors have made with the Court. The link titled "Beneficiary Tax Information" includes important tax information for beneficial holders regarding the WMI Liquidating Trust interests.

http://www.wmitrust.com/WMITrust

General Information:
On September 26, 2008, both Debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code"). The two cases (the "Bankruptcy Cases") are being jointly administered under Washington Mutual, Inc., Case No. 08-12229 and are currently pending before The Honorable Mary F. Walrath in the United States Bankruptcy Court for the District of Delaware.

Debtor Name Debtor Case Number
WMI Investment Corp. 08-12228
Washington Mutual, Inc. 08-12229

http://www.kccllc.net/wamu

[hotmeat]

We have all agreed from day one that Safe Harbor assets are bankruptcy remote and therefore exempt from bankruptcy rules.

Please explain how Safe Harbor, bankruptcy remote assets could have been included in the POR or any LT filings which are both bankruptcy documents in a still active bankruptcy case?


This IMO is why only "certain" assets were transferred to the LT on the ED in 2012, because those any Safe Harbor assets available would have been unrecognized by the bankruptcy and also the WMILT.