The US Bankruptcy Court approved the second amended joint plan of reorganization of AAC Holdings, Inc. on October 20, 2020. The debtor has filed its second amended plan in the Court on October 11, 2020. As per the amended plan, administrative claims, statutory fees, professional fee claims, priority tax claims, other priority claims of $3.40 million and DIP lender claims of $62.5 million will be paid full in cash. Other secured claims of $0.42 million will either be paid full in cash or through delivery of the collateral securing any such claim or the claim will be reinstated. Senior Lender claims of $55.70 million will be paid through cash, pro rata share of Exit Facility and the new Warrants Senior Lender allocation. Junior lender claims of $450.59 million will be paid through pro rata share of 100% of the reorganized AAC equity interests and the Class 1 Litigation trust interests. General unsecured claims of $35.80 million will be paid through Class 2 Litigation trust interests in accordance with the GUC/Junior Lender allocation. Intercompany claims and interests will be reinstated or cancelled. Subordinated claims will receive no distribution and all equity interests in AAC Holdings will be cancelled. The plan will be funded through cash in hand, sale of assets, exit term loan facility and issuance of new reorganized equity interests and warrants.