Replies to post #562228 on Mr Cooper Group Inc fka COOP

[mattchew]

The Debtors and the WMI-LT, and the Debtors in Possession and the WM shareholders, collectively the Debtors, Jointly Administered 1015(b).

[AZCowboy]

~ Matt, Yes, That Is 100% Correct’ ~

A general lack of understanding seems to rule the day when it comes to 75/25% to the end.

As you know, the reorganizing debtor's assets were, are and never will be available to the WMI-LT for distribution.

The 75/25% was for reorganized debtor shares, and the creditors did not vote on it because they did not have a claim to it.

Therefor, there was no violation of the APR, as stated in open court during the confirmation hearing

... promoted wishful thinking to a specifically hopeful result, is powerful ... However it doesn’t make it true’ ...

AZ