MOTION FOR FINAL DECREE CLOSING CERTAIN CHAPTER 11 CASES PURSUANT TO SECTION 350(a) OF THE BANKRUPTCY CODE AND BANKRUPTCY RULE 3022
TO THE HONORABLE SHELLEY C. CHAPMAN, UNITED STATES BANKRUPTCY JUDGE:
The Final Distribution
14. Under the Plan and the Order In Aid of Execution of The Modified Third
Amended Chapter 11 Plan of Lehman Brothers Holdings Inc. And Its Affiliated Debtors, dated
January 31, 2013 [ECF No. 34348] (the “Order in Aid of Execution”), Distributions of Available
Cash are to be made semi-annually on or about March 30 and September 30 of each year.
§ 8.3.
The Closing Debtors have made Distributions under the Plan of $4,831,920,981.60 in the aggregate, including payments of post-petition interest by certain of the Closing Debtors to creditors with allowed claims in accordance with the Plan. Lehman Brothers Commercial Corporation intends to make an additional and final distribution of $2,014,937.24 and Lehman Brothers Commodity Services Inc. intends to make an additional and final distribution of $1,604,791.60. A breakdown of Distributions by each Closing Debtor made to date and the final distributions to be made by each Closing Debtor are included in the Closing Report.
15. The Plan Administrator seeks authorization to make final distributions
from Lehman Brothers Commercial Corporation and Lehman Brothers Commodity Services Inc.
prior to the next regularly scheduled Distribution Date, which would be on or about March 31,
2019, in order to close the case, stop the accrual of additional U.S. Trustee fees, and provide
distributions to various creditors.
16. If the Court grants the Motion, Lehman Brothers Commercial Corporation
will distribute $2,014,937.24 in additional distributions to its equity owner, Lehman Brothers
Holdings Inc. and Lehman Brothers Commodity Services Inc. will distribute $1,604,791.60 in
additional distributions to its various creditors.
