Just curios if anyone has talked to the attorny's to see if the guarantee is worthless? I don't agree having this post deleted until his facts are checked! IMHO. Infact having it stuck up top would be my suggestion until we can verify the info.
Q: "Why do you think there was no claim on the guarantee? Because it was worthless."
Answer: They cannot file under the guarantee and debt. It wuld have been duplicative claims and not allowed. So they file under debt because they have priority. Now the claim was filed and accepted. Which means the contract to the claim is valid. The contract for our 4 issues is each perspectus. Thus, the perspectus stands and the guarantee stands. That is my understanding under contract and BK law. Do you refute that? And if so why?
Q: How can you get paid on a worthless guarantee if Class 10 gets discharged?
A: If the guarantee stands and IMO it does it will be a "re......" claim/debt of the new Lehman. There is a word for it and I just dont recall it right now. I want to say reaffirm? but dont think that is it either.......go figure....devil
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