Residential Capital, LLC and the official committee of unsecured creditors filed an amended plan of liquidation with related disclosure statement in the US Bankruptcy Court on August 16, 2013. As per the amended plan, Junior Secured Notes Claims will be allowed in an amount of $2553 million. ResCap Unsecured Claims will be allowed in an amount of $2060.40 million and will see a recovery of 41.9%.

GMACM Unsecured Claims will be allowed in an amount of $2205.07 million and will see a recovery of 34.7%. RFC Unsecured Claims will be allowed in an amount of $9063.78 million and will see a recovery of 10.3%. ETS Unsecured Claims will be allowed in an amount of $4.90 million and will be paid in full in cash.

As per the Global Settlement, Ally Financial Inc will contribute $2.10 billion to the debtor in exchange for the Debtor release and Third Party releases. Through the negotiation process, the parties determined to allocate the Ally Contribution as follows $782.4 million to ResCap Debtors, $462.32 million to GMACM Debtors & RFC Debtors each, $235 million to Private Securities Claims Trust, $57.62 million to Borrower Claims Trust, & $100 million to NJ Carpenters Claims Distribution.