Replies to post #12965 on Lehman Brothers Financial SA (LEHNQ)

[marayatano]

Answer: there are other creditors who claimed debt and guarantee and are getting paid on both.

Imo

[stripus]

Exactly L.D. filing under the guarantee has to fall on the equity side, just as the employee claims just did.
On the equity side CT's will be paid before every other equity holder IMO due to their priority.
Read sone of the one hundred and eighteenth omnibus filings.

[littledevils90210]

Maryanto, here is a repost of your questions.....go figure...devil

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