~ "WMIH and its Subsidiaries" Maintain Their Position As The Parent Corp ~
Currently, However' Quickly coming to a change by the LEAD ARRANGERS, as the Accounting is being updated, ... our SEC submissions have merely considered the SEC allowed "Registrant" ... actually its the same one NationStar used, ... LLC ... But Again, that is all about to be changed, now that the WMI Cases are closed' ...
it doesn't matter who gets it, ... "it is what it is"
Good morning AZ. Are you familiar with General Growth Properties bk? It happened about a year after Wamu...and maybe their attorneys learned a lesson from WMI bk...because they were able to bring in all their remote bk SPEs under their bk for the purpose of equity benefit...even though the SPEs were solvent. I believe they first replaced most of the directors of the various SPEs shortly before they declared bk so that the directors would agree to have the SPEs pulled in to the parent company bk. The lenders to the SPEs objected in court but lost.
I have no doubt that WMI has even more remote bk SPEs than GGP. What disgusts me is that Brian Rosen never tried to bring any of them into the bk. He could have observed what was happening with GGP bk in 2009/2010 and he could have tried the same in 2011.
Anyway, good luck to all of us. I really hope we see something in the next few weeks.
~ per Exhibit H' ("6 or 7"), The WMI Cap Trust Was Not Able To Be A WMI "Holding Company" BK' Consideration ~
per the Trustee;
"Postpetition Interest Claims will continue to accrue until the Effective Date; thereafter any interest accruing will be governed by the Post Effective Date Interest Provisions which only provide for payment of such additional interest after payment in full of all Allowed Claims."
per the Approved Plan 7;
1.169 Postpetition Interest Claim: "A Claim against any of the Debtors or the Debtors’ estates for interest accrued in respect of an outstanding obligation or liability that is the subject of an Allowed Claim during the period from the Petition Date up to and including the date of final payment in full of such Allowed Claim, calculated at the federal judgment rate of 1.95%, the rate as in effect on the Petition Date, compounded annually, provided that interest shall continue to accrue only on the then outstanding and unpaid obligation or liability, including any postpetition interest compounded thereon, that is the subject of an Allowed Claim."
per the WMI BK Remote' Cap Trusts registration;
Distribution Dates: "February 1, May 1, August 1 and November 1 of each year,"
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