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REALtime64

08/10/11 10:43 AM

#327073 RE: cents2ks #327072

If ?
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fsshon

08/10/11 11:37 AM

#327083 RE: cents2ks #327072

Yes Cents.. In Collyer's court she said the following..

One is the crucial date that is missing here is
13 March 20th when WMI came to this Court and invoked this Court's
14 jurisdiction.
15 THE COURT: Yes, I understand that. Wait. You are
16 confusing things.
17 There is clearly jurisdiction in this Court over the
18 appeal from the FIRREA administrative process. There's no
19 doubt about that.
20 The question is how far does that take us? If I were
21 the only Court involved, it would take us to all of the papers
22 and all of the claims and the counter claims and cross claims
23 and all of that.
24 I'm not the only Court involved. And the Bankruptcy
25 Court has clearly said you can take your FIRREA claims to
1 Washington, D.C. but I'm the one that gets to decide what
2 constitutes the estate of WMI.
MS. FRIEDMAN: Correct.
16
3
4 THE COURT: I'm just trying to figure out whether I
5 can proceed in any sensible fashion here or whether I ought to
6 stay this waiting to see whether she actually has jurisdiction
7 because this may be the tail wagging the dog.


All we need is a motion to stay the BK proceedings and continue in DC..

Hint: "A Pro Se who is recognized by the court could bring this Motion".. HINT HINT ;-)
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AC416

08/10/11 12:22 PM

#327102 RE: cents2ks #327072

ok, i wasnt aware that any can file a plan now...thats good to know, thanks for the reply....

now its a matter of denying the plan, and finding out what the next step is....i thin ur option two of the dc court, would be quicker for us to see a settlement....just have to wait for the judge to decide...
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Roach58

08/10/11 1:06 PM

#327130 RE: cents2ks #327072

I remember when Susman first spoke in court he was already talking about competing plans, so I'm betting they already have a plan.IMO