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WMI Holdings Corp. Message Board

  • kokomo_joe_pajo kokomo_joe_pajo Jun 17, 2013 12:44 PM Flag

    Why the H Claimants Will End Up With Nothing

    Whether you call it a Litigation Trust or a Liquidation Trust, the H claimants will get nothing. These H claimants say that they are owed the money, but the truth is that they are only making a claim, as are many others who won't receive any money.

    The primary reason that the H claimants/parasites won't receive any compensation for their 'claims' is because the court is going to extend the time of other claimants through Dec 31, 2013. Folks, that's six months away and there will be more hearings for those claimants after Dec 31.

    This means that court system expenses, the lawyers (getting up to $1,000 an hour), and the claimants ahead of the H claimants will dry up all the money that's left in the Liquidation Trust before any old Wamu H shareholders get their hands on a penny. Hey man, that's what bankruptcy is all about. H's are too far down on the 'pay me' list to get any compensation.

    Whether you call it a Litigation Trust or a Liquidation Trust, a dog is a dog.

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