The US Bankruptcy Court approved the second amended plan of liquidation of Nuvectra Corporation on May 21, 2020. The debtor has filed its second amended plan in the Court on May 18, 2020. As per the amended plan, administrative claims, professional fee claims, priority tax claims and other priority claims shall be paid full in the form of cash before the effective date. Secured parties’ claim of $6.81 million will be paid on pro rata basis in cash. Other secured claims has been paid prior to the effective date and will receive in the options of cash equal to the allowed other secured claim; reinstatement of such holder’s allowed other secured claim; the return or abandonment of the collateral securing such allowed other secured Claim. General unsecured claims of $10 million shall receive a pro rata distribution of the GUC recovery. Equity interests in the debtor shall be deemed canceled upon the effective date. The plan shall be funded from cash on hand, the sale proceeds, and any other cash received or generated by the debtor.