The US Bankruptcy Court approved the fourth amended joint plan of liquidation of PetroShare Corp. on May 22, 2020. The debtor has filed its fourth amended joint plan in the Court on May 22, 2020. As per the amended plan, administrative claims, statutory fees, priority tax claims, professional fees, prepetition lenders secured claims of $14.30 million and W&E lien holder claims of $8.88 million will be paid in full in cash. Colorado governmental entities’ claims will receive distributions in accordance with the Colorado stipulation. Providence Energy Corp. secured claims will not receive any recovery or distribution under this plan unless and until all holders of allowed general unsecured claims are paid in full with interest at the federal judgment rate. General unsecured claims of $21.76 million will be recovered 10.5% i.e. $2.28 million and will receive pro rata share of GUC recovery fund. No distributions will be made to holders of other secured creditors, allowed intercompany claims and equity interests. The plan will be funded through asset sale and cash in hand.