The US Bankruptcy Court approved the second amended joint plan of liquidation of Shiloh Industries, Inc. on May 7, 2021. The debtor has filed its second amended plan in the Court on May 4, 2021. As per the amended plan, administrative claims, statutory fees, professional compensation claims, priority tax claims and priority claims of $1.05 million will be paid full in cash. Other secured claims of $0.08 million will be either paid full in cash or through collateral securing the claim. Prepetition credit agreement claims of $242.73 million shall recover between 50% and 53% and will be paid through pro rata share of class 3 distributable funds. General unsecured claims of $98.56 million shall recover between 2.6% and 3.6%. and will be paid through pro rata share of unencumbered cash and share of the proceeds of any shared assets based upon any contribution split. Stock interests in the debtors will recover 0%. The plan will be funded through cash in hand and proceeds from sale of assets.