~ Yes I Believe That Is Accurate’ ~
The ABS-Cert Performing Trusts that WMI as well as WMB, were associated with, ... would have all followed the US Code ... and none of them would have been in a legal position to “Distribute” until the Courts Plan Approved Creditors (Tranche 1 through Tranche 4 in our case), ... Had been ... “Addressed” ...
The word “Addressed” is used because in most cases a filer for bankruptcy, if the Court allows for, and approves a reorganization, the filer, generally doesn’t have enough cash on hand to pay off all of its creditors ... We’, were the exception ...
Our ability to pay off the remaining WMI creditors “Tranche 4”, ... Just had a delay and blocking mechanism put into place back in 2009’, ... and was then carried forward at the Plan 7’ reorganization, with the implementation of a WMI-LT controlled DCR’, ... which is now being released ? after being held for some 7 years ? ...
just sayin’
AZ
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