Replies to post #85770 on Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Debtors claimed in the POR assumed to be rejected by equity holders, to assume all rights to NOLs.

So, again, they didn't need to form the OBS according to them, yet they did.

They didn't need to trade the CTs according to them, yet they did.

They wanted a looting of Lehman by all the counter parties.

According to you, they wanted to defraud the public.

Even the Judge has stated she doesn't rule in favor of the Trustee all the time.

So, I assume if the Debtors insist on absconding with everything, they will be contested in Court.

[LexingtonVIII]

Well Joe, I bought these CTs in 2009 and have been holdng onto my ticket for 10 years. I will hold onto them and see this trough even if they just end up being cancelled or whatever. I just don't care at this point. It's no longer a matter of the small amount I invested to buy my seat... It's more about the 10 year wait. I will not sell them and see someone else cash my lottery ticket in if ever the CTs end up being a winner.

GLTA

[goodietime]

"Like the company has said, all NOLs will be utilized by the cancellation of debt"

Are the Lawyers trying to TRICK 'legalese' us?

https://www.legalmatch.com/law-library/article/discharge-of-debt-income.html

Excerpt:
"When Will "Discharge of Debt" Not Be Considered Income?

There are four situations where discharge of debt is not income to the taxpayer:

1. A debt discharged under the bankruptcy code by the court;
2. The taxpayer is insolvent
3. Debt discharged is qualified farm indebtedness
4. Debt discharged is qualified real property business indebtedness."

So, If in this BK, the discharged debt is NOT considered Income, wouldn't the NOL's STILL BE AVAILEABLE?