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shiftaz

03/16/10 1:23 AM

#174417 RE: utvolsfan13 #174411

agreed. this will most likely break their plan of reorganization.

alliecorp

03/16/10 1:31 AM

#174418 RE: utvolsfan13 #174411

Rule 9019 will allow Judge Walrath to do her job and ensure that all parties, in particular Commons, will get a fair opportunity to be heard and for funds to be distributed equitably.

Below is a very key point to bring to everyone's attention as it clearly shows that the current proposal was simply a necessary first step.

To clarify Jorian Rose's (EC Lawyer) query to WMI if the settlement agreement will be a 9019 or simply incorporated into the POR. Rosen's reply was both; the agreement will be "hand and glove working with each other in a 9019, and the concepts of the settlement will be folded into the Plan at the same time."