XML 43 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Plan of Liquidation (Details) (USD $)
1 Months Ended
Mar. 31, 2012
May 31, 2011
Jun. 30, 2012
Jan. 20, 2012
Dec. 15, 2011
Mar. 31, 2011
Warrants
Plan of Liquidation (Textual) [Abstract]            
Allowed General Unsecured Claims           $ 29,771,000,000
Disputed general unsecured claims           8,154,000,000
Aggregate amount of general unsecured claims allowed and disputed and potential avoidance action general unsecured claims           39,425,000,000
Amount of term loan avoidance action         1,500,000,000  
Distributable assets new GM shares         150  
Allowed general unsecured claims threshold         35,000,000,000  
Potential additional shares to be issued         30  
Allowed general unsecured claims maximum excess amount         7,000,000,000  
Contrribution from MLC           52,700,000
Shares requested to be sold to provide additional funds           87,182
Warrants requested to be sold to provide additional funds           79,256
Cash proceeds from sale   5,700,000        
Motion seeking liquidation of securities to fund projected GUC Trust fees, costs and expenses for 2011 and 2012       26,500,000    
Liquidation of stock to fund projected costs, fees and expenses of the Avoidance Action Trust       13,700,000    
Proceeds from liquidation of securities to fund projected trust fees costs and expenses 26,500,000          
Proceeds from liquidation of securities to fund avoidance action trust costs 13,700,000          
New GM Securities reserved or set aside for projected GUC Trust fees, costs and expenses     42,900,000      
Proceeds held by GUC trust 13,700,000          
New GM Securities reserved and set aside for potential Taxes on Distribution     150,800,000      
Tax basis on securities held     1,112,000,000      
Tax basis in excess of fair value of holdings of New GM Securities     15,374,000      
Residual wind-down assets         $ 41,362,444  
New GM Series A Warrants [Member]
           
Class of Warrant or Right [Line Items]            
Distributable assets number of securities called by warrants         136,363,635  
Exercise price per share         $ 10.00  
New GM Series B Warrants [Member]
           
Class of Warrant or Right [Line Items]            
Distributable assets number of securities called by warrants         136,363,635  
Exercise price per share         $ 18.33