UPDATE 1-Old GM exits Chapter 11, carved into four trusts

Newswire

* Old GM exits bankruptcy, split into 4 trusts * Exit comes about a month after judge approves plan DETROIT, March 31 (Reuters) - The company known as "Old GM" exited Chapter 11 bankruptcy on Thursday and was carved into four trusts, marking the close of one of the most complex Chapter 11 cases in U.S. history. GM filed for bankruptcy in June 2009 and its best assets were sold to a new, stand-alone company the following month in a deal that was funded with $50 billion from the U.S. ...

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