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The new and simplified structure of LBT, where it only needs to manage distributions on Substitute Notes,provides the Liquidators witheither a good starting point to pursue a final wind down or to finalise the liquidation of the estate going forward.
Doc# 60863 Motion to Approve / Motion for Alternative Dispute Resolution Procedures Order in Connection With Claims Held By Lehman Brothers Holdings Inc. Regarding Excess Payments Received By Claimants On Account of Guarantee Claims
Prossima udienza schedulata il 6 ottobre: con comodo!
Percentuali 21a distribuzione LBHI
Class 3 Senior Unsecured 46.049400% 0.078082% 46.127482%
Class 5 Senior Third-Party Guarantee 28.927739% 0.054541% 28.982280%
Buon fine settimana a tutti
Allegati
NYSB 08-13555 60878 - Notice of Distribution Notice Regarding Twenty-First Distr (1).pdf
Percentuali 21a distribuzione LBHI
Class 3 Senior Unsecured 46.049400% 0.078082% 46.127482%
Class 5 Senior Third-Party Guarantee 28.927739% 0.054541% 28.982280%
Buon fine settimana a tutti
--Lehman Brothers Holdings Inc. (“LBHI”), as Plan Administrator, announced today in a court filing the percentage recovery that will be distributed on October 1, 2020 to holders of allowed claims against LBHI and its various affiliated Debtors (collectively, “Lehman”).
Lehman’s aggregate twenty-first distribution to unsecured creditors pursuant to its confirmed chapter 11 plan will total approximately $146.5 million. This distribution includes (1) $134.8 million of payments on account of third-party claims, which includes non-controlled affiliate claims, and (2) $11.7 million of payments among the Lehman Debtors and their controlled affiliates (see Exhibit B to the court filing, Docket # 60878, for further detail). Cumulatively through the twenty-first distribution, Lehman’s total distributions to unsecured creditors will amount to approximately $128.2 billion including (1) $95.3 billion of payments on account of third-party claims, which includes non-controlled affiliate claims, and (2) $32.9 billion of payments among the Lehman Debtors and their controlled affiliates.
In accordance with the chapter 11 plan, which was confirmed on December 6, 2011, and subject to available funds, the Lehman Debtors’ twenty-second distribution to creditors is anticipated to be made within 5 business days of March 30, 2021.
Notice of Distribution : Notice Regarding Twenty-First Distribution Pursuant to the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and Its Affiliated Debtors filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)