Replies to post #452 on ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[Enterprising Investor]

BRK bought the ResCap Whole Loan Portfolio via a Section 363 sale.

In the event the Sale is approved under section 363 of the Bankruptcy Code, the consummation of the Sale outside of a plan of reorganization pursuant to the BH Legacy APA neither impermissibly restructures the rights of the Debtors’ creditors nor impermissibly dictates the terms of a liquidating plan of reorganization for the Debtors. The Sale does not constitute a sub rosa plan of reorganization.

"Sub rosa" would be defined as "secret".

Thus, ResCap, ATP and any other Debtor must eventually have a POR or POL confirmed to allocate assets.

[romang]

thanks chevy

[romang]

Does anyone feel like helping me figure out what assets are left after the sale. Not sure what was sold or not sold

Octabuoy shelf assets, gomez etc

Name of Entity Subs
ATP Holdco,
ATP IP-GP,
ATP IP-LP,
ATP Infrastructure Partners, LP
ATP Titan Holdco,
ATP Titan,
ATP Oil & Gas (UK) Limited
ATP Oil & Gas (Netherlands)
ATP East Med, B.V. 100% 9
ATP East Med Number 1, B.V.2
ATP East Med Number 2, B.V.

Name of Entity
Estate
Interest
Net Book Value
11/30/2012
ATP Holdco, LLC 100% $ 88,408,774
ATP IP-GP, LLC 100% $ 3,064,699
ATP IP-LP, LLC 100% $ 85,350,953
ATP Infrastructure Partners, LP 51% $ 88,835,630
ATP Titan Holdco, LLC 100% $ 771,774,399
ATP Titan, LLC 100% $ 773,379,503
ATP Oil & Gas (UK) Limited 100% $ (92,466,279)
ATP Oil & Gas (Netherlands) B.V. 100% $ 3,947,314
ATP East Med, B.V. 100% $ 22,956
ATP East Med Number 1, B.V. 100% $ -
ATP East Med Number 2, B.V. 100% $ (2,120,091)
ATP East Med Number 3, B.V. 100% $ 23,270
ATP Energy, Inc. 100% $ 1,469,489
ATP Exploration, Inc. 100% $ -
Source: Debtor prepared
Valuation Estimates for Non-Debtor Entities
Exhibit A