That is the proposal here, from the Rosen comments in the last Omnibus.
By definition, there is a "Plan of Reorganization" -- that is a reorganization to move out of Chapter 11.
There are several different suppositions of reorganization around WMMRC vs. the Holding Company. I don't pretend to understand the ins/outs, but there are several clues to this consolidation going on. The weight of a huge holding company vs. the remaining assets, etc -- see my earlier post today for a link to the before bk, and current bk, overview of the size/scope of WMI.
I'm confident that the EC's tax professionals, as well as the Debtors tax professionals, and even the SNH's tax professionals know more about "what's best" and will recommend accordingly.
WMI just isn't what was before. That's clear.
...Catz
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