The US Bankruptcy Court approved the modified fourth combined amended plan and disclosure statement of liquidation of Orchids Paper Products Company on February 24, 2020. The debtor has filed its modified fourth amended plan in the Court on February 21, 2020. As per the amended plan, administrative expense claims, statutory fees, professional fee claims, priority claims of $2.94 million, and DIP facility claims of $11 million shall be paid full in cash. Priority tax claims are not due and payable on or before the Effective Date shall be paid in the ordinary course of business. First lien claims of $205.38 million shall be paid in full on the closing date in full satisfaction of the First Lien Claims. Other secured claims and secured tax claims shall be paid full in the form of cash. General unsecured claims of $37.06 million shall recover 2% of its allowed amount, has agreed to a less favorable treatment of such Claim, and only to the extent that any such allowed general unsecured claim has not been paid by any applicable debtor prior to the effective date. Equity interests shall be cancelled. The plan shall be funded through cash in hand and sale of assets.