ScripsAmerica, Inc. filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on January 16, 2017. As per the plan filed, administrative claims, statutory fees, priority tax claims, other priority claims and professional claims shall be paid in full in cash. All intercompany claims shall be disallowed pursuant to this plan and shall be cancelled. The debtor does not have any outstanding secured claims. General unsecured claims shall receive its pro rata share of any remaining liquidating trust assets and all the equity interests will be canceled, released, and extinguished as of the effective date. The plan shall be funded from debtor’s cash in hand and from liquidation of assets.