Replies to post #396770 on Mr Cooper Group Inc fka COOP

[WithCatz]

Exactly correct. Escrow is the method by which any funds (but it is with an if and a when) come in, they have a mechanism to distribute them.

There is, however, no guarantee that sufficient funds will be available to pay off creditors. That is the normal case for most bankruptcies -- and escrows are issued anyway, as a "just in case".

Here, we believe that we will see creditors largely paid -- and remain hopeful that some residuals will make it to former Equity.

By no means is the word "escrow" a guarantee here.

...Catz

[Gmenfan]

Please read how a broker describes "escrow" shares. In particular this paragraph:

Escrow positions are placeholder shares that may be issued to shareholders in the event of a corporate action such as a reorganization or bankruptcy. If you are issued escrow shares, it means that you may receive further payments from the corporate action in the future, but future payments are not guaranteed or necessarily expected.

http://research.scottrade.com/public/knowledgecenter/help/article.asp?docId=b920e9d0b3564103983558c832882da2