Orchids Paper Products Company, filed a combined plan of liquidation with related disclosure statement in the US Bankruptcy Court on September 27, 2019. As per the plan filed, 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 before the effective date. 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 shall be paid full in the form of cash. General unsecured claims of $37.06 million 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 deemed cancelled, null, and void. The plan shall be funded through cash in hand and sale of assets.