Replies to post #15189 on Lehman Brothers Financial SA (LEHNQ)

[penny4dollars]

I have question along the lines of cts trading. i believe when you declare bankruptcy( in this example individual) you must declare all creditors/debts. But if you want to keep your car you just keep paying on it, even though it is listed as debt. So the creditor can not take the vechicle, because you are paying on it(i believe this is called reaffirming the debt), so on the other hand if you stop paying they repo it. So my question is by allowing the cts to trade they acknowledge the debt and are reaffirming it ( not cancelled or repo)? therefor must honor they prospectus. I don't know maybe I'm reaching.

[JJHoosier]

I think 'why are we trading if cancelled' might be a better question for the SEC? (Correct me if I'm wrong)