WMI Liquidating Trust will ask court to close Washington Mutual cases

By Caroline Salls

Pittsburgh, Nov. 18 – WMI Liquidating Trust, which was formed under Washington Mutual, Inc.’s seventh amended joint plan, has asked the U.S. Bankruptcy Court for the District of Delaware to close the Washington Mutual Chapter 11 cases, according to a news release.

In addition, the trust said its application asks the court to establish a post-closing mechanism for undelivered and uncashed distributions and, following a final distribution to holders of class 18 allowed claims, authorize the winding-up and dissolution of the trust.

The trust said the winding up would including making one or more charitable contributions of remaining liquidating trust assets, if any.

Also under the proposed case closure, Kurtzman Carson Consultants LLC would be discharged as claims agent.

In January 2018, the court extended the trust’s term of to March 19, 2021.

A hearing is scheduled for Dec. 19.

Washington Mutual, a Seattle-based savings and loan holding company, emerged from bankruptcy on March 19, 2012.

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