The US Bankruptcy Court approved the third amended plan of reorganization of Ditech Holding Corporation on September 26, 2019. The debtor has filed its third modified amended plan in the Court on September 22, 2019 As per the third modified amended plan, administrative expense claims, US Trustee fees, professional fee claims, priority tax claims and priority non tax claims, will be paid in full in cash. DIP claims of $3.8 billion shall be paid in full in cash upon the consummation of the sale transaction if the sale transaction occurs or refinanced in full in cash by the exit warehouse facilities if the reorganization transaction occurs. Other secured claims shall receive at the option of debtor cash in the amount of allowed claim or reinstatement of the claim or return of the applicable collateral in satisfaction of the allowed amount of such other secured claim. Term loan claims will be paid in full in cash, in case of sale transaction. If the Reorganization transaction occurs, on the effective date, such holder’s pro rata share of term loans under the amended and restated credit facility agreement; 100% of the new common stock; provided, that the new common stock shall be subject to dilution by the management incentive plan; and if applicable, the asset sale proceeds. Second Lien Notes Claims of $253.90 million shall receive; If the sale transaction occurs, such holder’s pro rata of the second lien recovery cash pool; pro rata share as between allowed claims in class 4 and class 5 of the contributed sale proceeds; and pro rata share of the share of net cash proceeds as such holders are entitled to under applicable non bankruptcy law (subject to the credit agreement) after the term loan claims are satisfied in full in cash, until all allowed second lien notes claims are satisfied in full. If the reorganization transaction occurs, holders of second lien notes claims shall not receive or retain any property under the plan on account of such claims. General unsecured claims will recover 15% of its allowed amount and shall be paid on pro-rata share of GUC Recovery Trust Assets and net cash proceeds after term loan claims and Borrower Non-Discharged Claims which has been changed to Consumer Creditor Claims, shall recover 100% of its allowed amount and agrees to less favorable treatment, in full and final satisfaction, settlement, release, and discharge of, and in exchange for an Allowed Borrower Non Discharged Claim. All intercompany claims will be adjusted, continued, settled, reinstated, discharged, or eliminated as determined by the debtors. All Intercompany Interests shall be cancelled, reinstated, or receive such other treatment as determined by the Debtors. All Parent Equity Interests will be cancelled and one share of Ditech common stock shall be issued to the plan administrator to hold in trust as custodian for the benefit of the former holders of Ditech common stock and preferred stock.