MLC General Unsecured Creditors Trust
Wilmington Trust
 
 
 

  Hotline
  (800) 414-9607

  
Home

General Information

On June 1, 2009, Motors Liquidation Company (formerly General Motors Corporation) and certain subsidiaries filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.  An order was entered approving the sale of substantially all of Motors Liquidation Company’s assets to a new and independent company under section 363 of the Bankruptcy Code on June 5, 2009.  The sale closed on July 10, 2009.

Environmental Corporate Remediation Company, Inc. and Remediation And Liability Management Company, Inc., two direct subsidiaries of Motors Liquidation Company, filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code on October 9, 2009.  Their chapter 11 cases are being jointly administered with Motors Liquidation Company’s chapter 11 proceedings for procedural purposes only under case number 09-50026 (REG).

On August 31, 2010, Motors Liquidation Company filed its Joint Chapter 11 Plan with the Federal Bankruptcy Court for the Southern District of New York. On December 8, 2010, the Motors Liquidation Company filed an Amended Joint Chapter 11 Plan.  On March 18, 2011, Motors Liquidation Company filed a Second Amended Joint Chapter 11 Plan.

For Court documents, a list of scheduled hearings, and other information related to Motors Liquidation Company’s bankruptcy proceedings please visit http://www.motorsliquidationdocket.com.

Confirmation of Chapter 11 Plan

On March 29, 2011, The United States Bankruptcy Court for the Southern District of New York entered an order confirming the Second Amended Joint Chapter 11 Plan of Motors Liquidation Company et al. (f/k/a General Motors Corporation).

To view the press release and related information regarding the confirmation of Motors Liquidation Company's Second Amended Joint Chapter 11 Plan, please click here.

Effectiveness of Chapter 11 Plan

On March 31, 2011, Motors Liquidation Company issued a press release stating that all conditions to the effectiveness of the Second Amended Joint Chapter 11 Plan were satisfied or waived, making the Plan effective.

To view the press release and related information regarding the effectiveness of Motors Liquidation Company's Second Amended Joint Chapter 11 Plan, please click here.

Distributions to General Unsecured Claimants


Wilmington Trust Company has been selected as the Trust Administrator and Trustee for the Motors Liquidation Company GUC Trust that has and will make distributions to holders of Allowed Class 3 General Unsecured Claims under the Second Amended Joint Chapter 11 Plan of Motors Liquidation Company et al and will continue to make distributions to holders of GUC Trust Units.  These distributions consist of common stock of General Motors Company, warrants to purchase General Motors Company common stock, and cash.  To see the Bondholder Distribution Allocation by Indenture please click here.

Amendment

On July 8, 2011, Wilmington Trust Company, as Trust Administrator and Trustee, FTI Consulting, Inc., as Trust Monitor, and Motors Liquidation Company and its affiliated post-effective date debtors and debtors-in-possession all executed an amendment to the Motors Liquidation Company GUC Trust Agreement.  Two days earlier, the Bankruptcy Court authorized the amendment. To see the court ordered amendment, please click here.

About This Site


This site contains public information about the Motors Liquidation Company GUC Trust, its activities and the methods by which the common stock of General Motors Company, and warrants to purchase General Motors Company common stock will be distributed to holders of Allowed Class 3 General Unsecured Claims.  This site will be updated as necessary to explain ongoing activity and to report status, including summary distribution updates.

Disclaimer: The material and information disclosed on this site is for informational purposes only and is not intended to be legal advice or indicative of future performance.    Please consult an attorney for advice specifically relating to your legal matter.    Do not send confidential information without express consent of one of our case professionals.    The MLC General Unsecured Creditors Trust and AlixPartners are not responsible for and make no representations about the content, completeness, or accuracy of any other web sites that are accessible through this site.