Here is an excerpt from the recent Article by the FDIC - it looks like we can relax for a few more years yet -
" In large, complex bankruptcy cases such as Lehman, a
creditor may not receive any payment on his claim for a
considerable period of time following the commence-
ment of the bankruptcy case. One reason for this is
that it often takes a great deal of time to establish both
the size of the pool of assets available for general unse-
cured creditors and the legitimate amounts of the
claims held by such creditors. Litigation is typically
needed to establish both of these numbers, which can
require years of discovery followed by trial, then more
years of appeals and remands ."
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