The final distribution only reduces the debt subject to compromise by the amount of the distribution.
I never used the word REDUCE. you used the word reduced then FORGED a FAKE terminology called "paid in satisfied" too ARGUE something that YOU claimed I said when I didn't even SAY that.
The subject was ME talking about the CASH final distribution to creditors. Since the subject is on creditors when I said "the amount owed will be approx $50 billion" IT IS OBVIOUSLY PERTAINING TO THE CREDITORS OF THE LBHI ESTATE In which they WILL be owed $50billion becaused creditors who are satisfied in full can not collect anymore -->CASH<- From the LBHI ESTATE. which means the CASHAMOUNT OWED to creditors will be approx $50bil!!! THE SUBJECT IS ON A CASH FINAL DISTRIBUTION TO CREDITORS!
YOU CAN'T GO TO A STORE AND BUY BREAD WITH TAX ATTRIBUTES SO WHY ARE YOU BRINGING TAX ATTRIBUTES INTO A CONVERSATION ABOUT A CASH DEAL AND THEN ADD WORDS SUCH AS "REDUCE" WHEN NO ONE BUT YOU USED THE WORD THEN HAVE THE AUDACITY TO SAY
Like I said, it will be easy to see who is right in March or so.
RIGHT ON WHAT????????? YOU WENT OFF TOPIC CHANGED CHANGED MY WORDS AROUND AND MADE UP A FAKE TERMINOLOGY "PAID IN SATISFIED" TO PROVE A POINT THAT NO ONE WAS TALKING ABOUT!!!
THE CASH AMOUNT OWED TO CREDITORS BY THE LBHI ESTATE WILL BE APPROX $50BILLION CASH IF ALL ELIGIBLE CREDITORS CHOOSE TO OPT IN THIS COMING OCTOBER!!! THAT IS A FACT!!!!!!
A Paid Satisfied account is still negative. All it does is stop further collections and possible lawsuits. The good thing is the overall balances on your credit reports has now been reduced.
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Both are settlements but one does not reduce the debt owed per the financial statements debt subject to compromise line as you noted
1) WHEN DID I NOTE REDUCE IN THAT POST????????? 2) ACCORDING TO YOUR TERMINOLOGY "PAID IN SATISFIED" THAT WASNT ANYWHERE IN THE VOLUNTARY FINAL DISTRIBUTION DOCKET ON FICOFORUMS IT STATES THE "The good thing is the overall balances on your credit reports has now been reduced."