Former General Motors debtor transfers $20.2 million claim

By Lisa Kerner

Charlotte, N.C., March 25 - Motors Liquidation Co. (formerly General Motors Corp.) debtor The Royal Bank of Scotland plc transferred its $20,196,111.66 claim to Koch Supply & Trading, LP, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

GM, a Detroit-based automaker, filed for bankruptcy on June 1, 2009 in the U.S. Bankruptcy Court for the Southern District of New York. The new General Motors Corp. emerged from Chapter 11 on July 10, 2009, and Motors Liquidation's Chapter 11 case number is 09-50026.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.