Confirmed plan goes effective and wind-down begins
Big Village’s confirmed plan became effective at 11:59:59 p.m. ET on August 31, moving the case from confirmation into post-effective administration. The Notice of Effective Date says the Amended Combined Disclosure Statement and Joint Chapter 11 Plan is now operative, with the plan’s release, injunction, and exculpation provisions in force.
The effective date also starts several near-term claims deadlines. Administrative claims arising from July 12 through the effective date, and rejection-damage claims from contracts deemed rejected as of the effective date, are due by October 2, 2023; professional fee applications are due by October 16, 2023. Under the Confirmation Order, a plan administrator takes over as sole officer and director of the post-effective debtors, administers plan assets, winds down the estates, and makes distributions under the plan and wind-down budget. The shift matters because remaining recoveries, contract fallout, and estate causes of action now run through the plan-administration process rather than ordinary Chapter 11 case operations.