Court closes Quirky Chapter 11 after plan wind-down
The court entered a final decree closing Quirky’s Chapter 11 case, ending a five-year wind-down that began with the September 2015 filing and moved into plan administration after the plan became effective on August 30, 2016. The Final Decree closes the case while preserving limited authority for the Plan Administrator to finish estate administration, including tax payments, professional fees, and final distributions to Comerica Bank.
The closing motion explains the economics of the endpoint: secured, administrative, and priority claim distributions were completed, Community Member settlement distributions were completed, and no distributions were made to general unsecured creditors because remaining funds were insufficient after senior classes were satisfied. Any residual cash after final wind-down costs goes to Comerica, the secured lender, under the plan. The Plan Administrator’s final decree motion also terminates Rust/Omni’s claims-agent role, dissolves the Oversight Committee, and sets discharge of the Plan Administrator and professionals 30 days after final estate distribution.