Replies to post #563494 on Mr Cooper Group Inc (COOP)

[ron_66271]

The LT Doesn't Govern Exhibit H,

or bankruptcy remote assets. The LT only governs the few item put in it to satisfy Claims against the Estate and some related Tax returns.

All of the Estates obligations have been satisfied. We await 510(b) payment and ABS distributions.

See AZ's post;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147437723

"Upon any voluntary or involuntary liquidation or bankruptcy of Washington Mutual, the Property Trustee, as holder of the debentures, would be a subordinated creditor of Washington Mutual, subordinated in right of payment to all Senior Indebtedness as set forth in the indenture, but entitled to receive payment in full of principal and interest before any stockholders of Washington Mutual receive payments or distributions. The positions of a holder of preferred securities and a holder of the debentures relative to other creditors and to stockholders of Washington Mutual in the event of liquidation or bankruptcy of Washington Mutual should be substantially the same."

We await the Property Trustee / Indentured Trustee for the ABS Trusts.