Lehman comes out of bankruptcy as things continue to wind down

myp

Jan 2009

5,841

50

• Mar 6, 2012

• #1

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

Mar 2009

2,751

6

Undisclosed

• Mar 6, 2012

• #2

myp said:

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

Click to expand...

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

 

myp

Jan 2009

5,841

50

• Mar 6, 2012

• #3

DodgeFB said:

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

Click to expand...

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

Mar 2009

2,751

6

Undisclosed

• Mar 6, 2012

• #4

myp said:

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.

Click to expand...

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.