Replies to post #95452 on Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

Bankruptcy Code 510(a), makes a subordinated guarantee enforceable in bankruptcy, is too good to remain a part of the bankruptcy code in 2030:

"Excerpt:
In the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code [510(a)] and the Plan, the Plan Trust may receive Stock Distributions which will then be distributable among the Beneficiaries consistent with each Beneficiary’s rights of payment as holders of LBHI Stock existing immediately prior to the Commencement Date, …,”IMMEDIATELY”