Replies to post #707743 on Mr Cooper Group Inc (COOP)

[boarddork]

WMIIC filed first to protect itself from its parent WMI who filed second

[boarddork]

months before WMIIC was administrative dissolved, its assets were 'eliminated upon consolidation' which is an accounting term for severing the consolidated accounting between the parent and subsidiary.

WMIIC was able to go dark and move incoming asset interests, and transfer its future interest into another entity outside of its parent, as they were no longer reporting on a consolidated basis. No one could publicly see anything being transferred, except those gutting WMIICs future income interests.

After time passed, and money/interests moved, then WMIIC is finally dissolved. There was purpose to the delay between 'elimination upon consolidation' and when it eventually was administratively dissolved.

[lodas]

mwd44.... well, bk might be a legal way to dissolve a company, after the assets were transferred to WMIL-T.... it really does not matter in the "big picture" because WMIIC had very little assets to begin with anyway.... I believe Doreen said A/M rounded up about 450 million in various subs, which were used in addition to the 6.5 billion received in settlement from the GSA to pay creditors...Lodas

[Bizreader]

The 2 bks were filled in proper order within minutes of one another or so.