Replies to post #726650 on Mr Cooper Group Inc (COOP)

[garyhalvo]

Timing of Payments:
The timing of payments to trust beneficiaries depends on the bankruptcy process.
It’s possible that some distributions may occur before the Chapter 11 bankruptcy is finalized, especially if there are available funds.

However, bankruptcy proceedings can be lengthy, and beneficiaries may need to be PATIENT.

[MadBadger]

I was just thinking since the trust were created 18 yeas ago in 2006. Maybe we have to wait another 2 years for a 20 year Maturity. JAWAG. Crazy but plausible. You have to think out of the box. The established Trust Preferred and assets transferred 2 years before the planned restructuring bankruptcy safeguarded the assets from being confiscated, the agreements rescinded and the assets made part of the bankruptcy.