Replies to post #710231 on Mr Cooper Group Inc (COOP)

[BeanbrainGetsGoing]

Paln 2 was my favorite paln.

[ron_66271]

The AAOC Liquidating Trust From Plan 6.

AAOC wasn’t requesting permission from the Court to create a Liquidating Trust in Plan 6. No requirement to be a DST because this trust didn’t have to define pending claimants of the trust to other Classes.

The Trust had already been created and funded with the 363 Sales money, the FDIC Receivership Claims for WMB, and ABS Certs Ownership. Plus other assets to benefit AAOC.
AAOC had no requirements to explain to the Court how others claim would be paid beyond AAOC’s claim.

Yes the Equity Community took control of the Liquidating Trust as requested. PDF 150. Documented!

Then EC set aside $20.7 Billion in Retained Earnings, 75/25% to greatly satisfy Class 19’s claim as documented in the February MOR.
‘As of February 29th’ just before approval of Plan 7’s 75/25%.
EC proved to the Court how Class 22 guaranteed satisfaction of Class 19’s claim against the Class 22’s Estate.



Ron