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irniger
 

Registered: Apr 2005
Posts: 126

 

04-01-12 05:06 PM

When can funds be expected out of the bankruptcy - and how much? Some people are still waiting for funds from the Lehman bankruptcy.

Isn't it better to grab 90% offered by some buyers of these claims, like Prime Shares, Contrarian Capital, UBS Investment Bank, Tannor Capital and others now and put the funds back to work? A claimant might never get 100% - perhaps 95%!

Felix

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ofinance
 

Registered: Jan 2006
Posts: 22

 

04-01-12 05:35 PM


Quote from irniger:

Some people are still waiting for funds from the Lehman bankruptcy.




The smart ones among them have simply used their loss to pay less taxes, if they had to pay $40,000 to the IRS they declared that they lost $10,000 investing in Lehman and paid only $30,000, it's called writting off debt as uncollectable.

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steve0617
 

Registered: Apr 2004
Posts: 293

 

04-01-12 06:09 PM


Quote from irniger:

When can funds be expected out of the bankruptcy - and how much? Some people are still waiting for funds from the Lehman bankruptcy.

Isn't it better to grab 90% offered by some buyers of these claims, like Prime Shares, Contrarian Capital, UBS Investment Bank, Tannor Capital and others now and put the funds back to work? A claimant might never get 100% - perhaps 95%!

Felix



If we're a domestic account, we've already gotten back 72%. So most of our funds are already back to work.

The offers from these outside companies have been restricted to 100K or more.

As my remaining amount is under 10K, I can't sell anything. They don't want to bother with us small guys.

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