Replies to post #115475 on Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

IF This is What actually occurred, then I am sure that JPMC, as the "Guarantee Trustee" is holding the 'Debentures' in our name, till that time LBHI re-emerges 'As A Going Concern" and then

Either Redeems those CT "Debentures" for their Full FV and some Interest pmts Due (at least ALL the interest that Accrued from March 2008 to March 2012 will have to be paid)

OR Pay ALL the Interest Payments that were due and "Re-Instate" the CTs as NEW Preferred Securities (Because CTs as a "Hybrid Instrument" are No Longer Valid, under US Tax Law, per Dodd-Frank).

[cottonisking]

AI The bankruptcy court and the Plan Administrator are concerned with the formal, legal ownership of the allowed claims as recorded in their registers, not the specific market where the bonds were most recently traded.
Distribution Method: Distributions are made periodically (e.g., semi-annually) via checks or wire transfers to the contact information on file with the claims agent or indenture trustee.
In summary, the distribution process is a formal, court-supervised mechanism that relies on established legal ownership records, not the informal classifications used in secondary market trading. The ultimate beneficial owners receive their funds through the financial intermediaries who are the legal holders of record.