21.01.2009 20:36 WaMu asks court for more time to file bankruptcy plan
Jan 21 (Reuters) - Washington Mutual (News) has asked a U.S. bankruptcy court for a 90-day extension to file its Chapter 11 bankruptcy plan, according to court documents.
Washington Mutual had been the largest U.S. savings and loan before JPMorgan Chase&Co bought its banking assets for $1.9 billion in a deal arranged by the Federal Deposit Insurance Corp. The holding company for WaMu later filed for bankruptcy protection.
In a filing on Tuesday, WaMu said the seizure and subsequent sale of its assets by the FDIC to JPMorgan has significantly complicated what would otherwise be a straightforward restructuring or liquidation.
'That seizure and sale almost completely stripped the debtors (WaMu) of their employees and business records,' the filing said.
The company said FDIC's action caused significant uncertainty about the legal status of some of the its most significant assets, including several billions of dollars originally on deposit with Washington Mutual Bank.
WaMu said it was not seeking the extension to delay the Chapter 11 process or to pressure its creditors to accept an unfair plan.
The company also said it had made significant progress during the first three months of these cases and was now in the process of addressing a number of significant legal and economic issues affecting its assets and potential liabilities.
Such requests for extensions are common in large bankruptcy cases like this. Washington Mutual is the second-largest U.S. bankruptcy case in history, after Lehman Brothers Holdings Inc , according to Bankruptcydata.com, which tracks public company bankruptcy filings.
Unless extended, WaMu's plan period will expire on Jan. 24, the court filing said. A hearing on the matter is scheduled for Feb. 17.
(Reporting by Santosh Nadgir in Bangalore; Editing by Amitha Rajan) Keywords: WASHINGTONMUTUAL/
21.01.2009 20:36 WaMu bittet Gericht um mehr Zeit, Bankrottplan zu archivieren
21. Januar (Reuters) - gegenseitiges Washington (Nachrichten) hat ein US-Konkursgericht um eine 90 Tagesverlängerung gebeten, um seinen Bankrottplan des Kapitels 11, entsprechend Prozessakten zu archivieren.
Washington, das gegenseitig ist, war die größten US gewesen, die vor JPMorgan Chase&Co Spar- und Darlehens sind, das seine Vermögenswerte der Bank für $1.9 Milliarde in einem Abkommen gekauft wurde, das durch Federal Deposit Insurance Corp. geordnet wurde Die Dachgesellschaft für WaMu archivierte später für Bankrottschutz.
In einer Archivierung am Dienstag, sagte WaMu, dass die Ergreifung und der folgende Verkauf seiner Anlagegüter durch das FDIC zu JPMorgan erheblich erschwert hat, was anders eine direkte Umstrukturierung oder eine Verflüssigung von Vermögenswerten sein würde.
?Diese Ergreifung und Verkauf streiften fast vollständig die Schuldner (WaMu) von ihren Angestellten ab und Geschäftsakten,? die Archivierung sagten.
Die Firma sagte verursachte bedeutende Ungewissheit FDICS Tätigkeit über die rechtliche Stellung von einigen der seiner bedeutendsten Anlagegüter, einschließlich einige Milliarden Dollar ursprünglich auf Ablagerung bei Washington-gegenseitiger Bank.
WaMu sagte, dass es nicht die Verlängerung, um das Prozess Kapitel 11 zu verzögern suchte oder seine Gläubiger zu drücken, um einen unfairen Plan anzunehmen.
Die Firma sagte auch, dass sie bedeutenden Fortschritt während der ersten drei Monate dieser Fälle gebildet und jetzt bei dem Ansprechen einiger bedeutender zugelassener und ökonomischer Punkte war hatte, die sein Vermögen und möglichen Schulden beeinflussen.
Solches Ersuchen um Verlängerungen ist in den großen Bankrottfällen so allgemein. Gegenseitiges Washington ist der zweitgrösste US-Bankrottfall in der Geschichte, nach Lehman- Brothersholdings Inc., entsprechend Bankruptcydata.com, die AktiengesellschaftsAnträge auf Eröffnung des Konkursverfahrens aufspürt.
Es sei denn verlängert, WaMus läuft Planzeitraum am 24. Januar ab, sagte die Gerichtsarchivierung. Eine Hörfähigkeit auf der Angelegenheit wird für 17. Februar festgelegt.
(Bericht durch Santosh Nadgir in Bangalore; Redigieren durch Schlüsselwörter Amitharajan): WASHINGTONMUTUAL/
(email@example.com; innerhalb US +1 646 223 8780; Äußere US +91 080 4135 5800; Reuters-Mitteilung: santosh.nadgir.reuters.com @reuters.net)
leave no man on the battlefield ... except Capt. Union. All his Army buddies have deserted him and now he is all alone to fight the good fight and stay the good long battle.
ID-paywhatever * Retired 4-Star Gen. – faster * Private Smirking Face, charly503 * The Brave, wamuwole * addicted to drive convertible moccasins etc...... are long gone while Capt. Union is standing there looking stupid holding the bag…..
Hoping someone can talk me through what I’ve done wrong or point me in the right direction... I bought in at $1.05….. can it go back down to $.90 or even $.80? Sure! Maybe even more… Is there cause for alarm?
: Hey everyone, I`m back home from a long vacation
....I think a nice long vacation is well deserved and important for one's sanity...have been away for almost 4 months on the Pacific Crest Trail on a backpacking trip with my wife. It's located on the west coast of the US started on the Mexican border and stretches for over 2600 mi. to the Canadian border with absolutely no civilization except for various wilderness Areas on the trail.... no as usual moldern place to eat, sleep or pee. Just wilderness and the spiritual experience.
I carried over 45 lbs of various essential items all day long on my back. I stepped through desert & jungle, through mud holes, through sand dunes, through tree roots, up mountain sides, cliffs, over boulders and shelves. I saw eagles, red foxes, rabbits and assorted snakes …. and so on. I worried about bears and cougars……never saw either. I saw few people (maybe 50). I camped under the night sky every day. It was sunny everyday with foggy mornings. I ate dehydrated food and drank treated water. I also drank red wine. I slept in a sleeping bag on a light weight air mattress. I pitched a tent every night. I cooked with a butane stove. It is supposedly one of the most difficult hikes in the world. I feel like a hero that I managed to do it. I won a large number of bets with my friends, ((largely on the golf courses)), against me finishing or, at the very least, having my first heart attack!!! LoL
Never did this kind of thing before. My wife talked me into it. Actually, she booked me on the trail. Lost 15 lbs, this is quite a lot. Forgot about my job...and the stock market. The hike was absolutely the most rigorous thing I have done in my life...but I seriously recommend it. Almost everyone on the trail is under 30 and all the women have shiny perfectly aligned teeth...LoL that alone made me at least feel younger since there were virtually no "over 40's" on the trail.
: In risk of offending some on this board...
Your math is top notch !
Hey you - don`t get me wrong…….but I wish I had a picture of you. I don’t so I just have to imagine what you look like. I say you are about 60 years old. Too young to be retired probably forced into retirement for health reason.
Your former employer was in the Automotive Parts & Accessories distribution related business with their main field of responsibility focusing on Exhaust Systems!!! in the Middle of Nowhere in Germany. You were in low management for years and years and were passed over for promotion because of personality conflicts with middle management.
Finally you were offered early retirement and you took it because you hated your go nowhere, do nothing job. You looked for another job for a while but nobody had a position that suited you. Your former employer would not give you a good reference and had pretty much black balled you in the area. With all the free time on your hands you got involved with activist groups which were against your former employer, probably ICCT or somebody like that. You didn’t give a rats shit about air quality or water, you just wanted to get even with the SOB’s that run you off.
Later you got involved with johnny honey and his clan and discovered how it was possible to make a few bucks out of being an arrogant masshole. So now you or a professional mercenary for whatever cause can make you a few bucks.
You’re not married anymore, she left you sometime back. Your seldom see your own kids because they moved away, far away. You live for the grandkids and in your own little warped mind justify what you are doing because of them. None of your neighbors like you because you are the complainer on the block that turns them in for letting their dog run loose or their trash was set out to early. LoL Someday when you’re even sicker and older than now you will realize that the struggle for recognition, power, and money was all in vain and what you really wanted was a friend and to have the respect of your family. I feel sorry for you and others like you, but I don’t care to know you, yet I do, again… don`t get me wrong…. I see you a dozen times a day. hope you`re going to be happy with your tenbagger! (2500%)