United States Bankruptcy Court, S.D. New York September 26, 2017, Case No. 09-50026 (MG) (Jointly Administered); Adversary Proceeding Case No. 09-00504 (MG) (Motors Liquidation Co. Avoidance Action Trust ex rel. Wilmington Trust Co. v. JPMorgan Chase Bank, N.A. (In re Motors Liquidation Co.))

MEMORANDUM OPINION REGARDING FIXTURE CLASSIFICATION AND VALUATION

MARTIN GLENN, UNITED STATES BANKRUPTCY JUDGE

TABLE OF CONTENTS

I. Introduction... 339

A. Fixtures .. .340

B. Valuation.. .341

II. Background.. .342

A. Brief History of Old GM... 342

B. Events Leading to Bankruptcy. . .342

1. Term Loan Agreement and Collateral Agreement.. .342

2.