It is a massive task in this case, but the only way to start to determine the value of claims is to determine the assets, liabilities and their prioritization. Oh and do that for each of the major entities (e.g. Lehman Brothers Holdings, Inc., Lehman Brothers, Inc. LB 745, LLC, etc)
Under/in this post will go information regarding the liabilities and capital structure.
The liabilities from issued debt is the easiest to determine. However, there may be hundreds of billions of dollars of exposure from derivatives contracts for which Holdings was a counterparty. There is currently no visibility on these liabilities which could easily dwarf the other unsecured liabilities.
As you probably know, the petition states:
$639B of assets
$613B of liabilities.
Feel free to post information on the topic.
Monday, September 22, 2008
Articles
Next order of business is to create a post under which we can all post articles with breaking news on the case. Please provide a sentence or two of description along with a link to the article. Please don't post whole articles.
Sunday, September 21, 2008
Welcome
Welcome to the unofficial site for Lehman Creditors.
This will be a large scale bankruptcy with many parties, have varying claims and rights stemming from many different type of claims.
We hope to help by providing a site for the aggregation of information. While this is starting out on blogger.com, we'll see about shifting over to a platform with structures and facilities for user posts.
For right now, we'll be putting up links to the docket and other court info. Coverage of the goings on and the many opinions of them should be added soon.
From the outset, please be aware that our firm does trade in bankruptcy claims I fully expect to be a Lehman creditor (the hard way) and may seek to purchase claims in this case. The goal here is to provide a forum for information flow.
This will be a large scale bankruptcy with many parties, have varying claims and rights stemming from many different type of claims.
We hope to help by providing a site for the aggregation of information. While this is starting out on blogger.com, we'll see about shifting over to a platform with structures and facilities for user posts.
For right now, we'll be putting up links to the docket and other court info. Coverage of the goings on and the many opinions of them should be added soon.
From the outset, please be aware that our firm does trade in bankruptcy claims I fully expect to be a Lehman creditor (the hard way) and may seek to purchase claims in this case. The goal here is to provide a forum for information flow.
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