ResCap Liquidating Trust ResCap Liquidating Trust

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In addition, if you are entitled to receive Units, you must also provide broker information. The Liquidating Trust does not provide tax advice to Unitholders. Does the Liquidating Trust own any foreign subsidiaries?

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It is not intended to constitute tax advice. The reduction in the assets held in bailment between December 17, and December 31, is primarily attributable to the initial distribution and the bank accounts of the Debtors being novated to the Liquidating Trust following the plan effective date.

What state tax filing obligations will Unitholders have as a result of owning Units? Cap Re provided reinsurance on mortgage loans originated by GMAC Mortgage LLC and its affiliates and correspondent lenders through entering into reinsurance agreements with various primary mortgage insurers in which the company assumed the risk of loss in excess of various loss percentages.

Where can I find information concerning lawsuits that have been brought by the Liquidating Trust, including the damages being sought in each case?

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On March 19, the "Effective Date"the Plan became effective and certain of the Debtors' assets were transferred to a newly formed Delaware liquidating trust the "WMI Liquidating Trust" as further described in the Plan.

What is the reason for the reduction in the assets held in bailment following the effective date of the ResCap Chapter 11 plan? Registered Shareholders For inquiries related to the exchange of WaMu shares, please call However, there can be no assurance that this will be the case.

As of December 31,all assets previously held in bailment have been transferred to the Trust. In addition, any real property acquired subsequent to that date in connection with foreclosure proceedings has been and will be conveyed directly to ResCap Securities Holdings Co.

CapRe was dissolved as of December 31, What do I do if I believe I am entitled to a distribution under the Plan?

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The foreign corporations have all been liquidated as of December 31, The Liquidating Trust files income tax returns in those states in which it determines it has a filing obligation. As of December 31,the Trust no longer holds mortgage servicing rights. You may email the Trust at rescapliquidatingtrust rescapestate.

When and to whom did the Liquidating Trust make its initial cash distribution? Does the Liquidating Trust own any real property located in the United States? What is Cap Re?

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Additional assets were transferred to the Trust as circumstances warranted. The Liquidating Trust issued units beginning on December 17, and made an initial cash distribution to each person to whom units were issued.

If you are a U. The Liquidating Trust does not provide tax advice.

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The Trust is a liquidating trust for federal and, if applicable, state income tax purposes. As of December 17,the Effective Date of the Plan, the Liquidating Trust beneficially owned approximately 80 properties located in 34 states. If you are not a U. For inquiries about the newly issued Washington Mutual shares, please call Confirmation of Chapter 11 Plan To view the press release and related information regarding the confirmation of Washington Mutual, Inc.

Effective December 31,Cap Re ceased reinsuring new risk, placing the existing reinsurance agreements into run-off in accordance with their terms.

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Further, the Trust does not own any shares of WMIH common stock and will not be directly affected by the Merger; however, certain officers of the Trust are expected to continue providing services to WMIH and its subsidiaries pursuant to the publicly disclosed Transitional Services Agreement for a yet-to-be-determined transitional period.

What are assets held in bailment? The Worksheets reflect the income and deductions that the Trust determines should be allocated to each state in which it files an income tax return. You must designate a broker, bank or other financial institution with which you maintain a securities account to receive your Units on your behalf.

Previously, the Liquidating Trust held the mortgage servicing rights.

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Effective as of January 15,the Liquidating Trust contributed those properties as well as certain interests in mineral rights that have only nominal value to ResCap Securities Holdings Co.

If your Claim is Allowed and you are entitled to a distribution under the Plan, your distribution may be subject to applicable tax withholding. In which legal entity are mortgage servicing rights assets held? The link titled "Bankruptcy Court Documents" contains a link to the filings that the Debtors have made with the Court.

Are the assets held in bailment consolidated in the Liquidating Trust financial statements? It is contemplated that the corporate subsidiary is a United States real property holding corporation within the meaning of section of the U.