The parts of the company not moving over to the new company will become part of “old GM,” a collection of assets and liabilities that will be liquidated over the next few years and sold off to pay the company’s various creditors including people with pending lawsuits.

The assets range from the expected things, such as closed plants and other facilities, to more quirky items including a golf course in New Jersey and a church in Indiana.

The government has pledged $1.18 billion to help fund the wind down.