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On April 18, 2013 the Court entered an Order closing the certain of the Debtors related cases. The Main Case shall remain open for the continued administration of the Debtors estates and any potential matters pertaining to the Administered Cases that may arise On March 29, 2011, an Order was entered confirming The Debtors' Second Amended Joint Chapter11 Plan. The Trust Administrator and Trustee for the Motors Liquidation Company GUC Trust is Wilmington Trust Company.
Wilmington Trust Company is successor indenture trustee for certain unsecured debt securities issued by General Motors Corporation (a list of such debt securities is available under the section of this website entitled "Bond List").
The GM Bankruptcy Trustee anticipates that the next distribution of GM stock and warrants to allowed unsecured claims will be in late October or early November.
When buying assets from a debtor in bankruptcy, purchasers have relied for years on the debtor’s ability to sell assets “free and clear” in a bankruptcy sale under section 363 of the Bankruptcy Code.
The purchaser can then obtain the assets “cleansed” of the debtor-seller’s liabilities, including, it was widely assumed, product liability claims against such debtor-seller.
On December 18, 2009, a supplemental Property Bar Date Order was entered establishing February 10, 2010 at p.m.
(Eastern Time) as the deadline to file proofs of claim ("Property Proofs of Claim") against the Initial Debtors by certain parties residing adjacent to or in the proximity of the material manufacturing properties of the Debtors set forth on Exhibit "A" annexed to the Property Bar Date Order (the "Properties").
If you filed a timely claim in the Piston-Slap litigation your claim may be affected by the Chapter 11 filing. The person to whom the Notice was sent is deceased or incapable of acting. This Notice you received is not an expression by the Court of any opinion or wrongdoing.