Why were blank proof of claim forms mailed out to GM bondholders?
Proof of claim forms were mailed out by Motors Liquidation Company and its affiliate Debtors, and not by Wilmington Trust Company. Pursuant to a bankruptcy court order dated September 16, 2009, the Debtors are required to mail a notice of the bar date and a proof of claim form to all known creditors, including bondholders. Even though Wilmington Trust Company filed a proof of claim on behalf of bondholders whose CUSIP numbers are listed on its notices, the Debtors have attempted to mail all bondholders a proof of claim form in order to comply with the court order.
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