Vodka.... poor wants results in a day. Rich wait for the prey, eating poor and become rich. Thats the design of bankruptcy.They eliminate noise making crowds like common share holders and eat the rest of the assets eventually.
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In this case WMILT filed to close the cases in Dec 2019 and asked permission of the courts that it would proceed to dissolve(meaning upgrading its actual books and records, valuating its assets and liabilities,paying taxes and receiving tax refunds, selling assets or further consolidating its assets,). WMI was a company with 100 years history and Bankruptcy and Receivership is not a straight line process, adding JPM,GS and other notorious players. FDIC,Federal reserve,Treasury all involved and they support their cases. I really respect Mr. Willingham what he did, he took control of WMILT and that was requested by Mr.Nelson in the court, WHY?.
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If you can answer the WHY? part in my post, we can definitely find the answers in a collaborative way.
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THEY DID NOT HIRE ADMINISTRATORS WHILE DISSOLVING WMIIIC, WHY NOW?.
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