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Net Assets in Liquidation (Tables)
 3 Months Ended
Jun. 30, 2014
Text Block [Abstract]  
Schedule of GUC Trust Units

The following presents the changes during the three months ended June 30, 2014 in the number of GUC Trust Units outstanding or for which the GUC Trust was obligated to issue:

 

     Trust Units  

Outstanding or issuable at March 31, 2014

      31,853,702   

Issued during the period

      10,326   

Less: Issuable at beginning of period (1)

      (10,326 ) 

Add: Issuable at end of period (1)

      —     
  

 

 

  

Outstanding or issuable at June 30, 2014 (2)

      31,853,702   
  

 

 

  

 

(1) 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.
(2) 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 June 30, 2014:

 

(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, March 31, 2014

    $ 31,853,630       $ 79,500       $ 1,500,000       $ 1,579,500       $ 33,433,130   

New Allowed General Unsecured Claims, net

      —           —          —          —          —     

Disputed General Unsecured Claims resolved or disallowed

      —          —           —          —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total, June 30, 2014

    $ 31,853,630       $ 79,500       $ 1,500,000       $ 1,579,500       $ 33,433,130   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

(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.