Motors Liquidation Company formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of 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.