Motors Liquidation Company
American automotive company / From Wikipedia, the free encyclopedia
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Motors Liquidation Company (MLC), formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of American car manufacturer General Motors. It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors, the second to handle environmental response for MLC's remaining assets, a third to handle present and future asbestos-related claims, and a fourth for litigation claims.[1]
Formerly | General Motors Company (1908ā1916) General Motors Corporation (1916ā2009) |
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Company type | Public |
Industry | Automotive |
Founded | 1908 (1908) as General Motors Company 2009 (2009) (changed name to Motors Liquidation Company) |
Defunct | March 31, 2011; 13 years ago (2011-03-31) |
Fate | Filed for Chapter 11 bankruptcy in 2009. Reorganized as General Motors Company |
Successor |
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Headquarters | Detroit, Michigan , United States |
Motors Liquidation Company's stock symbol was changed from GMGMQ to MTLQQ, effective July 15, 2009.[2] MTLQQ stock was cancelled. Its unsecured creditors were issued stock for the Motors Liquidation Company General Unsecured Creditors Trust under the symbol MTLQU.