Lehman comes out of bankruptcy as things continue to wind down

[myp]

The ex-giant is going to start repaying creditors outside of bankruptcy as it continues to fade away.

http://www.reuters.com/article/2012/03/06/us-lehman-idUSTRE8250WY20120306

 

[DodgeFB]

The ex-giant is going to start repaying creditors outside of bankruptcy as it continues to fade away.

http://www.reuters.com/article/2012/03/06/us-lehman-idUSTRE8250WY20120306

I hope they do repay everyone. I am not sure they will or even can.

 

[myp]

I hope they do repay everyone. I am not sure they will or even can.

They can't, but that is expected with bankruptcy, otherwise they might still be around. As the article said, creditors will get 21 to 28 cents on the dollar.

 

[DodgeFB]

They can't, but that is expected with bankruptcy, otherwise they might still be around. As the article said, creditors will get 21 to 28 cents on the dollar.

Those creditors will be lucky to get 28 cents on the dollar. It is amazing to see how many have taken a hard hit in the last few years. Lehman seemed so strong for so long and now they are another word for failure.