True Value’s confirmed chapter 11 plan became effective on April 25, 2025, after the court entered the confirmation order on April 17 and the debtors satisfied or waived all effective-date conditions. The Notice of Effective Date makes the plan’s release, injunction, and exculpation provisions operative and starts the post-effective claims clock: administrative claims incurred from November 22, 2024 through the effective date are due May 25, 2025; rejection-damages claims are due May 28, 2025; and professional-fee claims for services through the effective date are due June 9, 2025.

The governance handoff matters because this is no longer a sale-and-confirmation case on the front end; it is now a plan-administration and claim-resolution process. Under the Confirmation Order, existing boards and officers step aside as of the effective date, the Plan Administrator acts for the estates, and allowed administrative, professional, restructuring-expense, statutory-fee, and priority-tax claims are paid in full unless holders agree otherwise. Parties still expecting notices after effectiveness must file renewed Bankruptcy Rule 2002 requests.