Net Assets in Liquidation (Tables)

9 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Schedule of GUC Trust Units

The following table presents the changes during the three months ended December 31, 2013, in the numbers of GUC Trust Units outstanding or which the GUC Trust was obligated to issue:

	Trust Units
Outstanding or issuable at September 30, 2013		30,293,376
Issued during the period (1)		1,560,575
Less: Issuable at beginning of period (2)		(10,575	)
Add: Issuable at end of period (2)		—
Outstanding at December 31, 2013 (3)		31,843,376

(1) Of the 1,560,575 GUC Trust Units issued during the quarter ended December 31, 2013, 1,550,000 related to the Nova Scotia Settlement Distribution (as defined below) applicable to the Nova Scotia Matter (as defined below) described in Note 4. The balance was issued in respect of GUC Trust Units issuable at September 30, 2013.

(2) The number of GUC Trust Units issuable at any time represents GUC Trust Units issuable in respect of Allowed General Unsecured Claims that were newly allowed during the fiscal quarter.

(3) The number of GUC Trust Units outstanding at any time represents GUC Trust Units issued in respect of Allowed General Unsecured Claims that were allowed in prior periods, including GUC Trust Units held by the GUC Trust for the benefit of (a) holders of Allowed General Unsecured Claims who had not yet supplied information required by the GUC Trust in order to effect the initial distribution to which they are entitled and (b) governmental entities that are precluded by applicable law from receiving distributions of GUC Trust Units and New GM Securities.

Allowed and Disputed General Unsecured Claims and Potential Term Loan Avoidance Action Claims

The following table presents a summary of the Allowed and Disputed General Unsecured Claims and potential Term Loan Avoidance Action Claims for the three months ended December 31, 2013:

(in thousands)	Allowed General Unsecured Claims		Disputed General Unsecured Claims			Term Loan Avoidance Action Claims		Maximum Amount of Unresolved Claims (1)			Total Claim Amount (2)
Total, September 30, 2013	$	30,293,305	$	3,191,393		$	1,500,000	$	4,691,393		$	34,984,698
New Allowed General Unsecured Claims		1,550,000		—			—		—			1,550,000
Disputed General Unsecured Claims resolved or disallowed		—		(3,060,821	)		—		(3,060,821	)		(3,060,821	)
Total, December 31, 2013	$	31,843,305	$	130,572		$	1,500,000	$	1,630,572		$	33,473,877

(1) Maximum Amount of Unresolved Claims represents the sum of Disputed General Unsecured Claims and Term Loan Avoidance Action Claims.

(2) Total Claim Amount represents the sum of Allowed General Unsecured Claims and Maximum Amount of Unresolved Claims.