First Amended Joint Reorganization Plan and Disclosure Statement Filed by PetroShare Corp.
December 30, 2019 at 12:00 am EST
PetroShare Corp., along with its affiliate, filed a first amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 30, 2020. As per the amended plan filed, other secured creditors claims shall not receive any distribution under the plan. There are no changes in the treatment of any other claim class. PetroShare Corp., along with its affiliate, filed a first modified joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 31, 2020. As per the modified plan filed, general unsecured claims of $21.76 million will be recovered 11.6% i.e. $2.52 million in cash. There are no changes in the treatment of any other claim class.