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Liquidating Distributions
3 Months Ended
Jun. 30, 2017
Text Block [Abstract]  
Liquidating Distributions

4.    Liquidating Distributions

Liquidating distributions in the three months ended June 30, 2017 consisted of the following:

 

(in thousands)    Fair Value  

Distributions during the three months ended June 30, 2017

   $ —    

Less: Liquidating distributions payable at March 31, 2017

     (9,205

Add: Liquidating distributions payable at June 30, 2017

     10,011  
  

 

 

 

Total

   $ 806  
  

 

 

 

The GUC Trust was obligated at June 30, 2017 to distribute Distributable Cash of $10.0 million to the following: (1) holders of GUC Trust Units for excess distributions payable, (2) certain holders of Allowed General Unsecured Claims who had not then satisfied certain informational requirements necessary to effect the distribution to which they are entitled and (3) holders of certain Term Loan Avoidance Action Claims as described in Note 3.