The Great Question that no one wants answer; How is TPS claim’s being satisfied?
TPS is in the same Class as P&K of Class 19.
The Retained Earnings of the February MOR is the only answer.
The end of 75/25% split.
~2.5X to Class 19 fully satisfies their claim in full. More would be an “Unjust Reward”. The same argument used to stop JPM in Plan ~5 and AAOC in Plan 6. P-6 hearing to AAOC; the Court; that if WMI is worth $10 Billion? Why should I grant the Estate to you?
Generally to the MB; As stated, I have not been proven wrong. Please try!