Replies to post #164 on Lehman Bros. 5.67 D Series Preferred ( fka LEHDQ)

[lucmariepierre]

what i don't understand coach tequila, why are we in bankrupcy if there is 100 B to LBHI ?

i suppose those 100 billions will pay part of claims

[lucmariepierre]

sorry coach tequila but i think i don't understand how work a bankrupcy .

tell me if i understand good : there is LBHI who is going to pay what they can pay for the claims

question : there isn't enough money for all of them, so it will be compromise

The MOR is going to move up and down depend of the claims

what i don't understand is : mor should be fixed : not depending of the claims because : lehman filed chapter 11 to be protected from claims : so what is left in the chapter 11 ?

lbhi at 100 billions : this is for the claims, isn"t it right ?


Really you see i don't understand at all how it is working :

if you can explain me

thank you by advance because i saw somme people said 100 billions from lbhi are assets (i don't understand how chapter 11 protect lehman against all those claims )