Residential Capital Plan, Exhibits Filed


Residential Capital and its official committee of unsecured creditors filed with the U.S. Bankruptcy Court a Revised Second Amended Joint Chapter 11 Plan. A related Disclosure Statement was not filed as a result of the August 23, 2013 Court order approving the Disclosure Statement. The Revised Second Amended Plan includes amended Schedules 5, 6 and 7. According to the Plan, “Pursuant to section 1123 of the Bankruptcy Code and Bankruptcy Rule 9019, the Plan incorporates a compromise and settlement of numerous inter-Debtor, Debtor-Creditor and inter-Creditor issues designed to achieve an economic settlement of Claims against the Debtors and Ally and an efficient resolution of these Chapter 11 Cases. This Global Settlement constitutes a settlement of the potential litigation of issues including substantive consolidation, the validity and enforceability of Intercompany Balances, the allocation of the Available Assets, the amount and allocation of certain disputed Unsecured Claims, in addition to the resolution of extensive litigation, Claims, and potential Claims against Ally. The entry of the Confirmation Order shall constitute the Bankruptcy Court’s approval of each of the following compromises or settlements and all other compromises and settlements provided for herein, and the Bankruptcy Court’s findings shall constitute its determination that such compromises and settlements are in the best interests of the Debtors, their Estates, Creditors, the RMBS Trusts, Investors, and other parties-in-interest, and are fair, equitable, and within the range of reasonableness. Each provision of the Global Settlement shall be deemed non-severable from each other and from the remaining terms of the Plan.” In addition, the Company also filed with the Court certain Plan Exhibits as amended, including the following: Exhibit 1: executory contracts, unexpired leases and certain post-petition contracts, which includes the name of the non-Debtor counterparty, the legal description of the executory contract or unexpired lease to be assumed and the proposed amount of an associated cure claim, if any, and Exhibit 13: liquidating trust causes of action and Exhibit 15: borrower-related causes of action.

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