Replies to post #58632 on United Western Bancorp Inc (fka UWBKQ)

[iPrelude]

Mr. Simon E Rodriguez was kind and generous with his time, and answered my email. I don't think he had to because I'm not a creditor, just a shareholder and shareholders (AFAIK) were not party to this chapter 7.

Here is, copy-pasted, his response:

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Dear XX XX,

Thank you for your inquiry.

As trustee I cannot give you legal advice and as such you should consult with an attorney of your own choosing at your own cost. You are a shareholder and not a creditor so you may wish to confer with an attorney on the impact this has in a non-consumer bankruptcy case. Generally speaking, non-consumer bankruptcy cases cannot exempt assets. Again, I cannot give you legal advice.

From an administrative standpoint, the bankruptcy estate has been fully administered and all funds have been distributed to those creditors who filed a valid allowed claim. The estate is awaiting a closing order from the court.

You or your counsel may wish to review the complete case record at the bankruptcy court:

United States Bankruptcy Court
721 19th St
Denver, CO 80202

If you or your counsel has a PACER account, for a fee, you can review the court record.

Best wishes,

Simon E Rodriguez, trustee

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[Large Green]

iPrelude. it appears to me if any monies are coming back and since the FDIC has had total control, we would not see ANY distributions until well after the bk cases are officially closed, terminated and deep-sixed forever.

This stands to reason because if there were monies to pay common shareholders then this bk case would seem to have been a fraudulent filing. Remember, in these bk cases where monies are returned, it would always be the last in line for any type of return and since the FDIC has total control it would seem they would close out the bk cases to make it appear these bk cases were legitimate and officially handled legally and correctly BEFORE ANY DISTRIBUTIONS HAPPEN.

Therefore, it seems to me that Fred may be correct considering the timing and the Libor settlement will officially play cover for any distributions just like we are waiting for in the WaMu cases. So, I expect some type of distribution around the end of March to mid-April of the year 2024.

Well, as I always say, only time passing and filings will show us the way forward.



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