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Mark E. Andrews, the Chapter 11 trustee, filed notice that the Trustee's First Amended Joint Chapter 11 Plan became effective on August 26, 2025 after all conditions precedent were satisfied or waived by M&T Bank, moving the Tommy's Boats cases from confirmation into plan implementation. The same notice identifies the July 24 confirmation order and the confirmed plan record, and sets September 25, 2025 as the deadline for professionals with unpaid Professional Fee Claims to file final fee applications Notice of Effective Date.
The effective date matters because the plan's distribution machinery is now live: distributions to holders of allowed claims are to begin on or as soon as practicable after the effective date, with reserves maintained for priority claims, professional fees, disputed claims, and other administration needs Trustee's First Amended Joint Chapter 11 Plan. The plan also gives the Creditor Trust and parties in interest a 180-day post-effective-date claims-objection window, putting claims reconciliation and recoveries into the near-term workstream.
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