Net Assets in Liquidation (Tables)

12 Months Ended

Mar. 31, 2016

Text Block [Abstract]

Schedule of Cash and Cash Equivalent and Marketable Securities

As of March 31, 2016 and 2015, cash and cash equivalents and marketable securities aggregated $665.5 million and $68.4 million and are comprised of the following:

(in thousands)
	2016		2015
Distributable Cash (including associated Dividend Cash)	$	620,866	$	17,034
Residual Wind-Down Assets		22,003		28,158
Other Administrative Cash		13,533		14,477
Administrative Fund		8,226		8,258
Funds for Indenture Trustee/Fiscal Paying Agent Costs		311		373
Other		594		127
Total	$	665,533	$	68,427

Schedule of GUC Trust Units

The following presents the changes during the years ended March 31, 2016, 2015 and 2014 in the numbers of GUC Trust Units outstanding or for which the GUC Trust was obligated to issue:

	Year Ended March 31, 2016		Year Ended March 31, 2015			Year Ended March 31, 2014
Outstanding or issuable at beginning of year		31,853,702		31,853,702			30,227,314
Issued during the year (1)		56		10,326			1,644,941
Less: Issuable at beginning of year (2)		—		(10,326	)		(28,879	)
Add: Issuable at end of year (2)		—		—			10,326
Outstanding or issuable at end of year (3)		31,853,758		31,853,702			31,853,702

(1) Of the 1,644,941 GUC Trust Units issued during the year ended March 31, 2014, 1,550,000 related to the Special Nova Scotia Distribution applicable to the Nova Scotia Settlement described in Note 5.

(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 year.

(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.

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

The following table presents a summary of activity with respect to the Allowed and Disputed General Unsecured Claims and Term Loan Avoidance Action Claims for the years ended March 31, 2016 and 2015:

(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		—		—			—			—			—
Disputed General Unsecured Claims resolved or disallowed		—		(9,500	)		—			(9,500	)		(9,500	)
Total, March 31, 2015		31,853,630		70,000			1,500,000			1,570,000			33,423,630
New Allowed General Unsecured Claims		55		—			—			—			55
Disputed General Unsecured Claims resolved or disallowed		—		—			(55	)		(55	)		(55	)
Total, March 31, 2016	$	31,853,685	$	70,000		$	1,499,945		$	1,569,945		$	33,423,630

(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.