Case timeline

1. Jul 22026
   Plan: Liquidating trustee reports no GUC distributions through June quarter

   Alan D. Halperin’s latest post-confirmation reports show the Novan liquidation remains in claims-reconciliation mode more than two years after the plan became effective on April 30, 2024. For lead debtor NVN Liquidation, the trustee reported $0 of current-quarter cash disbursements, $858,309 of cumulative cash disbursements since the effective date, and $0 in cumulative payments across administrative, secured, priority, general unsecured, and equity classes, while noting that claim reconciliation is still ongoing in the NVN Liquidation post-confirmation report.

   The EPI Health report shows a narrower distribution path: $53,180 paid on administrative claims and $984 paid on priority claims during the quarter, bringing cumulative payments to $340,378 for administrative claims and $25,939 for priority claims, with $0 paid to secured or general unsecured claims. The same EPI Health post-confirmation report reports $2.174 million of cumulative cash disbursements since the effective date, so unsecured-creditor recoveries remain unresolved rather than merely delayed by a hearing date.

   Sources and provenanceJuly 2, 2026