Order Granting Debtors’ Ninety-Seventh Omnibus Objection to Claims (No Liability GMAC Debt Claims) ( ECF No. and may be subject to further adjournments. 7675) Status: This matter is adjourned to October 28, 2011, at 9:45 a.m. Order Granting Debtors’ Ninety-Sixth Omnibus Objection to Claims (No Liability GMAC Debt Claims) ( ECF No. 7676) Status: This matter is adjourned to October 28, 2011, at 9:45 a.m. To avoid the possibility of improper recovery against the Debtors’ estates and for thebenefit of the proper creditors of the Debtors, the Debtors request that the Court disallow and expunge in their entirety the No Liability GMAC Debt Claims. Seller and Buyer acknowledge and agree that they will use commercially reasonable efforts before and after the Closing Date to effectuate the transfer of each Bank’s rights and interests in the website domain registrations set forth on Schedule 3.15 of the Seller Letter from Seller to Buyer.

The Debtors have examined the proofs of claim identified on Exhibit “A”, and have determined that the proofs of claim listed under the heading “ Claims to be Disallowed and Expunged” (collectively, the “No Liability GMAC Debt Claims”) seek recovery for amounts for which the Debtors are not liable. The No Liability GMAC Debt Claims are claims for amounts owing under bonds issued by General Motors Acceptance Corporation (“GMAC”), an entirely separate company than General Motors Corporation (“GM”) and not a debtor in these chapter 11 cases. Refer to attached technical scope of work document in appendix 1. As set forth above, the No Liability GMAC Debt Claims are claims for amounts owing under bonds issued by GMAC.Īs such, the Debtors are not liable for the No Liability GMAC Debt Claims.

Gmac finance cancel debt