The US Bankruptcy Court approved the second amended plan of liquidation of Stage Stores, Inc. on August 14, 2020. The debtor has filed its second amended plan in the Court on August 12, 2020. As per the amended plan, administrative claims, statutory fees, priority tax claims, professional fee claims and other priority tax claims of less than $1 million will be paid full in cash. Prepetition secured claims are estimated to be $232.1 million and shall receive its pro rata share of prepetition secured claims recovery, until paid in full. To the extent the prepetition secured claims recovery is insufficient to pay all prepetition secured claims in full, then prepetition secured claims shall receive the residual unliquidated prepetition collateral and any available post-petition collateral. General unsecured claims of $342 million shall be recovered 6% i.e. $20.52 million. Intercompany claims, intercompany interests, existing interests and section 510(b) claims will be cancelled and receive no distribution. The plan will be funded through cash in hand and sale of assets.