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US Magnesium’s liquidation plan became effective July 7, shifting control of estate assets and claim administration to the post-effective-date structure and making the plan binding on stakeholders. Under the effective-date notice, administrative claims incurred from March 17 through July 7, final professional fee applications, and claims arising from rejected contracts or leases must be filed by 4:00 p.m. ET on August 6, 2026.
Executory contracts and unexpired leases not previously assumed, rejected, or covered by a pending motion were automatically rejected on the effective date unless designated for assumption in the plan supplement. Missing the August 6 deadline permanently bars the affected claim from distributions, making the notice immediately relevant to professionals completing wind-down work, reviewing contract portfolios, or preserving post-confirmation claims.
US Magnesium’s confirmed committee-sponsored liquidation plan became effective on July 7, 2026, making the plan binding and moving the case from confirmation into implementation. The Notice of Effective Date and Claims Bar Dates sets a 4:00 p.m. ET deadline on August 6, 2026 for administrative expense, professional-fee, and rejection-damages claims.
The immediate workstream is therefore claims clean-up and distribution preparation: creditors with postpetition, professional, or rejection exposure must preserve their positions before the bar date, while the liquidating structure can assess the remaining claims universe and proceed with administration of residual estate assets.
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