[1] Motors Liquidation Company's stock symbol was changed from GMGMQ to MTLQQ, effective July 15, 2009.

[5] In a press conference that began four hours and eighteen minutes after the filing, the GM Chief Executive Officer, Fritz Henderson, stressed that he intended for the bankruptcy process to move quickly.

[6] In addition to Henderson's press conference, President of the United States Barack Obama made a speech from the White House four hours and three minutes after the court filing.

[8] General Motors was represented by the New York specialist law firm Weil, Gotshal & Manges.

The United States Treasury and an ad hoc group of the bondholders of General Motors Corporation were also represented in court.

The United States Treasury had argued in court that it was the only source of such debtor in possession funding, and that without the money from the loan General Motors would have no option but liquidation.

[9][10] The case schedule laid out by the court was as follows:[10] On June 1, 2009, GM announced that the Hummer brand would be discontinued.

On June 16, 2009, it was announced that Koenigsegg and a group of Norwegian investors planned to acquire the Saab brand from General Motors.

The program was controversial with dealers, many who didn't want to close their dealership or sell their franchise rights.

[23] However, Section 363 of the Federal Bankruptcy Code allowed GM to force thousands of dealerships to forfeit their franchise rights.

The group helped draft HR 2743 in 2009, which asserted the action taken by GM to consolidate its dealer network without compensation was illegal.

[31] A creditor meeting, at the New York Hilton, held by the United States Trustee Program, was scheduled for June 3, 2009.