Replies to post #626307 on Mr Cooper Group Inc (COOP)

[PickStocks]

Well, the bk case is closed Jan 23, 2020.

[Large Green]

cura, I see what you are saying in reference to the Clerk closing a chapter 11 case 180 days after confirmation of the plan.

Now, what I am wondering is what could be in the Term sheets that must have been signed by SG/EC that would allow for monies to transfer...what would the trigger be?

So, maybe 180 days from the TERMINATION DATE of the cases signed by the court...this date was January 23, 2020, which could be a trigger date for something to happen which would be June 23, 2020, or end of June for a POTENTIAL transfer of monies to marker holders.

[stoxjock]

Can't wait for that Damn Filing from BR...Thanks for Posting this Timeline & GLTU!!!

[Civil War General]

180 days after confirmation of the plan?

[ReikoBlack]

Let me ask a rhetorical question. Since Washington Mutual Inc filed for bankruptcy in the District of Delaware, not in the District of New Jersey (which you linked to), could different rules apply?

Chapter 11 Case Closing and Discharge
Under D.N.J. LBR 3022-1, the Clerk shall close a chapter 11 case 180 days after confirmation of the plan. The attached flow chart illustrates the Court’s procedure for closing these cases. It also highlights an individual chapter 11 debtor’s responsibilities prior to discharge, including the documents that must be filed.

NOTE: The Court’s local form, Chapter 11 Debtor’s Certification of Completion of Plan Payments and Notice to Creditors requires notice to creditors and includes an objection period. As a result, a hearing date that is more than 21 days from the date of the Certification must be entered on the form by the debtor’s attorney. Objections must be filed no later than 7 days prior to the hearing date. The debtor’s attorney must serve the form/notice on all creditors and parties in interest and file a Certification of Service.




http://www.njb.uscourts.gov/content/chapter-11-case-closing-and-discharge