cottonisking
17 hours ago
GLUE:
She has also acted as a court-appointed mediator in numerous complex chapter 11 cases, including Windstream, Frontier Communications, OneWeb, Avianca S.A., Purdue Pharma, Madison Square Boys & Girls Club, and 👉️Sears. She is currently serving as the lead mediator in the PROMESA/Title III case of The Puerto Rico Electric Power Authority (PREPA)/The Commonwealth of Puerto Rico and as the court-appointed mediator in the 👉️ FTX Trading Ltd., Rite Aid Corporation and Endo International chapter 11 cases.
https://www.willkie.com/professionals/c/chapman-shelley-c
glue
Overview
Similar and opposite words
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Definitions from Oxford Languages · Learn more
noun
an adhesive substance used for sticking objects or materials together.
"waterproof glue"
Similar:
adhesive
fixative
gum
paste
cement
epoxy
epoxy resin
sealant
size
glair
mucilage
stickum
verb
fasten or join with or as if with glue.
"the wood is cut up into small pieces which are then glued together"
Similar:
stick
gum
paste
affix
fix
cement
epoxy
agglutinate
conglutinate
cottonisking
4 days ago
No pain then no gain, you sound like you are in the Revolutionary War Battle of Kings Mountain, in the Carolina's. Those soldiers' were already equipped with thick skin, after fighting in the Indian Wars. You are just now getting your mind right, after all these years. The tide of this Bankruptcy is about to change with our new King. You can deliver our message to the new Continental Congress in Pennsylvania. The young African boy holding the horses for General George Washington, on the banks of the Delaware River, did not freeze to death for us to run away now.
cottonisking
6 days ago
Look again: 'the Plan
Administrator hereby requests that the Court approve or deny the Plan Trust Amendment.'
20. Neither the Plan Trust Agreement nor the Plan requires the Court’s
approval of amendments to the Plan Trust Agreement. Nevertheless, out of an abundance of
caution, and in accordance with sections 7.1 and 8.1 of the Plan Trust Agreement, sections 7.4
and 14.1 of the Plan, and sections 105(a) and 1142(b) of the Bankruptcy Code, the Plan
Administrator hereby requests that the Court approve the Plan Trust Amendment.
stoxjock
6 days ago
"21. Pursuant to the Plan and the Confirmation Order, this Court retained
exclusive jurisdiction over all matters arising under or related to these chapter 11 cases,
including to: “issue such orders in aid of execution of the Plan to the extent authorized by section
1142 of the Bankruptcy Code,” “enter and implement other orders, and take such other actions as
may be necessary or appropriate to enforce . . . the Plan, the Confirmation Order or any other
order of the Bankruptcy Court,” and “hear all matters relating to the Plan Trust.” Confirmation"
I hope there will be news about 'Closing of the Chapter 11 BK Case of LBHI" after the 30th Distribution is done by 1st week of April 2025.
I hope they won't "Pull an y nonsense'", such as "converting the Chapter 11 to Chapter 7"...Hell will break loose if they try any such nonsense...
TIA , GLTU & GLTA!
cottonisking
7 days ago
🐎🐎🐎 Basis added: 8
WEIL:\97519064\16\58399.0011
Relief Requested
20. Neither the Plan Trust Agreement nor the Plan requires the Court’s
approval of amendments to the Plan Trust Agreement. Nevertheless, out of an abundance of
caution, and in accordance with sections 7.1 and 8.1 of the Plan Trust Agreement, sections 7.4
and 14.1 of the Plan, and sections 105(a) and 1142(b) of the Bankruptcy Code, the Plan
Administrator hereby requests that the Court approve the Plan Trust Amendment.
Basis for Relief
21. Pursuant to the Plan and the Confirmation Order, this Court retained
exclusive jurisdiction over all matters arising under or related to these chapter 11 cases,
including to: “issue such orders in aid of execution of the Plan to the extent authorized by section
1142 of the Bankruptcy Code,” “enter and implement other orders, and take such other actions as
may be necessary or appropriate to enforce . . . the Plan, the Confirmation Order or any other
order of the Bankruptcy Court,” and “hear all matters relating to the Plan Trust.” Confirmation
Order at ¶ 77; Plan at §§ 14.1(e), (i), (n).
22. As set forth above, section 8.1 of the Plan Trust Agreement explicitly
contemplates that any provision of the Plan Trust Agreement may be amended or waived upon
the affirmative vote of two-thirds of the Plan Trustees and notice to the Beneficiaries and subject
to certain enumerated conditions. The Plan Trust Amendment proposed herein is consistent with
the conditions and procedures set forth in the Plan Trust Agreement. The Plan Trust Amendment
is consistent with section 7.4 of the Plan, which provides that the Plan Trust shall continue until
the Closing Date (as defined in the Plan). Finally, the Plan Trust Amendment is consistent with
the purpose and intention of the Plan Trust, as it will allow the continuation of the mechanisms
that have been essential to the successful implementation of the Plan to date. The Plan Trust
08-13555-scc Doc 60748 Filed 07/24/20 Entered 07/24/20 21:12:57 Main Document
Pg 11 of 60
cottonisking
1 week ago
20. Neither the Plan Trust Agreement nor the Plan requires the Court’s
approval of amendments to the Plan Trust Agreement. Nevertheless, out of an abundance of
caution, and in accordance with sections 7.1 and 8.1 of the Plan Trust Agreement, sections 7.4
and 14.1 of the Plan, and sections 105(a) and 1142(b) of the Bankruptcy Code, the Plan
Administrator hereby requests that the Court approve the Plan Trust Amendment.
Basis for Relief
8
WEIL:\97519064\16\58399.0011
Relief Requested
20. Neither the Plan Trust Agreement nor the Plan requires the Court’s
approval of amendments to the Plan Trust Agreement. Nevertheless, out of an abundance of
caution, and in accordance with sections 7.1 and 8.1 of the Plan Trust Agreement, sections 7.4
and 14.1 of the Plan, and sections 105(a) and 1142(b) of the Bankruptcy Code, the Plan
Administrator hereby requests that the Court approve the Plan Trust Amendment.
Basis for Relief
21. Pursuant to the Plan and the Confirmation Order, this Court retained
exclusive jurisdiction over all matters arising under or related to these chapter 11 cases,
including to: “issue such orders in aid of execution of the Plan to the extent authorized by section
1142 of the Bankruptcy Code,” “enter and implement other orders, and take such other actions as
may be necessary or appropriate to enforce . . . the Plan, the Confirmation Order or any other
order of the Bankruptcy Court,” and “hear all matters relating to the Plan Trust.” Confirmation
Order at ¶ 77; Plan at §§ 14.1(e), (i), (n).
22. As set forth above, section 8.1 of the Plan Trust Agreement explicitly
contemplates that any provision of the Plan Trust Agreement may be amended or waived upon
the affirmative vote of two-thirds of the Plan Trustees and notice to the Beneficiaries and subject
to certain enumerated conditions. The Plan Trust Amendment proposed herein is consistent with
the conditions and procedures set forth in the Plan Trust Agreement. The Plan Trust Amendment
is consistent with section 7.4 of the Plan, which provides that the Plan Trust shall continue until
the Closing Date (as defined in the Plan). Finally, the Plan Trust Amendment is consistent with
the purpose and intention of the Plan Trust, as it will allow the continuation of the mechanisms
that have been essential to the successful implementation of the Plan to date. The Plan Trust
08-13555-scc Doc 60748 Filed 07/24/20 Entered 07/24/20 21:12:57 Main Document
Pg 11 of 60
cottonisking
1 week ago
Zoom in: BlackRock's $22.8 billion agreement with CK Hutchinson, announced on March 4, is broken up into two parts.
The first covers two ports, one on either side of the Panama canal, and only was signed in principle. There's an April 2 deadline for definitive paperwork.
The second covers another 43 ports in 23 countries, and would seem to be able to proceed even if the Panama piece does not.
https://www.axios.com/2025/03/14/blackrock-panama-canal-trump
ron_66271
1 week ago
The Numbers Prove You Will Be Very Happy.
Lehman’s, WMI, F&F securitized notes are secured by Derivative Contracts that still need to pay up.
According to the FDIC, “WMI/WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.”
Treasury number for RMBS in 2008 was $13 Trillion at a loss ratio of 11.9% as litigated in the California DB Case.
JPM owned 57% of the Derivative Market.
BoA just under 30%.
AIG was just the broker providing the contracts between the parties but was not the writer of the contracts.
By example(JPM):
In Billions
$13,000*.57*.119(11.9%) = $881.8 Billion to Lehman’s, WMI, F&F.
You can do this same math for BoA at ~29%.
Too Big To Fail FAILED.
Using WMI/WMB numbers of 1.5 Trillion in RMBS.
JPM exposure;
$1,500*.57*.119 = $101.7 Billion to cover for WMB alone.
Now do the same for BoA.
There is a reason why LIBOR is in litigation.
The numbers/accounting tells us the story.
Ron
cottonisking
1 week ago
Docket # 61761
Filed Mar 07 2025
Transfer Agreement FRBP. and Notice of Transfer Letter, Transferors:👉️ Mable Commercial Funding Limited (in administration) (Claim No. 200035, Amount $19,727,757.00) To Lehman Brothers International (Europe) (in administration) filed by Lehman Brothers International (Europe) (in administration). (Lopez, Mary) Less
Case Number 08-13555 Lehman Brothers Holdings Inc.
cottonisking
1 week ago
Section 1: Introduction
Introduction
This is the thirty-second progress report prepared by the Administrators of the Company.
This report provides an update on the work the Administrators have undertaken, with a particular focus on progress
made in the Reporting Period.
Earlier reports can be viewed on the Administrators’ website at
https://www.pwc.co.uk/services/business-restructuring/administrations/non-lbie-companies/mable-commercial-funding-l
imited-in-administration.html.
Objective of the Administration
The Administrators are pursuing the objective of achieving a better result for the Company’s creditors as a whole than
would be likely if the Company were wound up (without first being in Administration), and continue to manage the
Administration in accordance with the proposals approved by creditors. The Administrators continue to review the
objective of the Administration on a regular basis.
Outcome for creditors
As set out in previous reports, under the terms of the Compromise Arrangement we do not anticipate that there will be
further distributions to the Mable Creditors other than those made to LBIE under the terms of the Compromise
Arrangement.
Details regarding the interim dividends paid to Unsecured Creditors to date can be found in Appendix A.
Why we remain in office
The Administrators remain in office to deal with the following tasks:
? 👉️Transfer of Mable’s remaining known asset, being its claim against LBHI, to LBIE in accordance with
provisions in the Compromise Arrangement, to allow closure of the Administration;
? Resolving the remaining charge registered at Companies House;
? Monitoring future realisations due to LBIE under the SPML/PML share sale agreement;
? Compliance with tax and VAT matters;
? Compliance with statutory tasks; and
? Ending the Administration in an orderly fashion.
Further details are contained within the body of this report.
What you need to do
This report is for your information and you don’t need to do anything
This report and future updates
👉️We are preparing to end the Administration now that the shares in the trading subsidiaries have been sold.
We will post our next formal report to the website at the end of the Administration or in approximately six months,
whichever is sooner.
If you have any questions, please contact the Administrators at generalqueries@lbia-eu.com.
Signed
Alison Grant
Joint Administrator
Mable Commercial Funding Limited - in administration
4 Joint Administrators’ progress report from 23 March 2024 to 22 September 2024
cottonisking
2 weeks ago
No more house arrest, SOON!
Stock Number
K10-2990
VIN
1FVACYFE3RHUV4582
Year
2025
Mileage
1,118 mi
Category
Class Super C Motorhomes
Manufacturer
RENEGADE RV
Model
VERONA 40VRB
Location
Baton Rouge, Louisiana 70816
Condition
New
Description
New 2025 Renegade Verona 40VRB
Details: Renegade Verona Super C diesel motorhome 40VRB highlights: Bath and a Half RV King Bed Sofa Sleeper Side 43" 4K Smart LED TV Outside Entertainment Why not enjoy the ride just as much as the destination, well you can with this Verona! The Airliner rear air suspension, power/heated remote control mirrors, and Freightliner "Safety Assurance package" will make that happen each trip. You will also have all the comforts of home such as the kitchen amenities including a convection microwave oven and a French door residential refrigerator, plus the Ultra-Soft sofa sleeper and booth dinette to relax on. The half bath is super convenient when you have two or more onboard, and the master suite offers a 72" x 74" king bed slide with lots of storage and a 32" 4K Smart LED TV, plus a rear full bathroom. There is so much more to love about this coach, step right up! With any Renegade Verona Super C diesel motorhome, you will have confidence to explore the open road! The Cummins 360HP 3200TRV Allison transmission gives you the power and performance to travel anywhere, and the 3000-watt true sine wave inverter makes this an electric coach, plus the aluminum automotive cab construction is designed and tested for occupant protection. The interior boast about the solid hardwood cabinets including every cabinet stile and passage door are made from hardwood for true residential craftsmanship and the articulating cabinet hinges complete the package. More luxurious features include the solid surface countertops, the memory foam mattress, and the wavy patterned fiberglass shower with a glass door. Choose extreme luxury, purpose and durability; take a Verona on the road today!
Engine: Cummins L9
SleeperSize: King
cottonisking
2 weeks ago
The consortium, comprised of BlackRock, Global Infrastructure Partners and 👉️Terminal Investment Limited👈️ will acquire 90% interests in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal in Panama, according to the filing.
https://www.cbsnews.com/amp/news/blackrock-panama-canal-deal-ck-hutchison-trump/#amp_tf=From%20%251%24s&aoh=17411259384489&csi=0&referrer=https%3A%2F%2Fwww.google.com
Terminal Investment Ltd. (TiL), is the port operator majority-owned by the Mediterranean Shipping Co. It manages port terminals on behalf of MSC.
https://en.m.wikipedia.org/wiki/Mediterranean_Shipping_Company#:~:text=Terminal%20Investment%20Ltd.-,Terminal%20Investment%20Ltd.,terminals%20on%20behalf%20of%20MSC.
cottonisking
2 weeks ago
Following the Joint Administrators' announcement dated 3 September 2024, the LBIE directors have proposed, in consultation with the Joint Administrators who are in agreement, that the Company make a distribution by way of dividend to LB Holdings Intermediate 2 Limited ("LBHI2"), as sole holder of LBIE's preferred equity, in the amount of £70m.
In putting forth their proposal, the LBIE directors have considered, again in consultation with the Administrators, the balance sheet and management information of the Company, to which it was necessary to have regard when determining whether a distribution could lawfully be made.
The Joint Administrators having consented to the proposal from the LBIE directors, the distribution was made on 20 February 2025 and brings the total distributed to date to LBHI2, in respect of its preferred equity, to £498m.
https://www.pwc.co.uk/services/business-restructuring/administrations/lehman/lehman-brothers-international-europe/preferred-equity-distributions.html
cottonisking
2 weeks ago
🐢🐢🐇 On 14 January 2025, The State of New York, Court of Appeals handed down its Decisions on pending motions, including Mo. No. 2024-634, and denied LBIE's motion for leave to appeal. [Item 35].
This now concludes the litigation between LBIE, Plaintiff/Appellant and AG Financial Products, Inc. (“AGFP”), Defendant/Respondent.
On 18 September 2024, Professor Gillette and Deutsche Bank AG, through their respective counsels, filed Motions for Leave to file briefs as amici curiae in support of LBIE's motion for permission to appeal to the State of New York Court of Appeals, [Item 33 and Item 34, respectively].
https://www.pwc.co.uk/services/business-restructuring/administrations/lehman/lehman-brothers-international-europe/ongoing-litigation.html