Replies to post #85725 on Lehman Brothers Financial SA (LEHNQ)

[Argus63]

I really don't speak legalese, but I but it appears to me that they are saying that the liquidation must be completed before they can discharge the debt, after the discharge of debt then the NOLs can be utilized. That is my understanding. In my opinion the liquidation is almost complete.

IMO - GLTA

[SwissCheeseAccount]

Lets say LBHI has debt worth $100. Lets say NOLS are also worth $100. When LBHI discharges that debt woth $100, $100 will be taken away from the NOLS.