Current updates are not available. Earlier updates remain below for historical context and may no longer reflect the case’s current position.
Earlier updates
These updates were replaced by later case developments and may no longer reflect the current case.
Plan·
The Plan Administrator reported $646,301 of cash disbursements during the quarter ended June 30, bringing cumulative disbursements since the January 6, 2021 plan effective date to $117.96 million. The post-confirmation reportDkt. 2200 lists $63.75 million paid on $603.57 million of allowed general unsecured claims, an 11% recovery. Administrative claims received $3.39 million, secured claims $90,702 and priority claims $5.76 million—each reported as paid in full.
Cumulative professional fees and expenses total $42.39 million, including $41.77 million of bankruptcy-related fees. The unsecured-claims denominator excludes certain litigation claims that remain under review and for which reserves have been established, so ultimate claim dilution is not yet settled. The case remains open, but the administrator expects to seek a final decree by December 31, 2026, giving stakeholders a concrete target for completing claims administration and closing the case.
