Stein Mart, Inc., along with its affiliates, filed a combined plan of liquidation with related disclosure statement in the US Bankruptcy Court on January 15, 2021. As per the plan filed, administrative claims, statutory fees, professional fee claims, priority tax claims, other priority claims in the range of $3 million to $12 million and other secured claims of less than $1 million will be paid full in cash or through collateral securing the claim. Letter of credit claims of $0, ABL claims of less than $0.25 million and Term loan claims less than $0.25 million will be paid full in cash. General unsecure claims in the range of $217 million - $421 million will be recovered between 0%-8.3% and will be paid through pro rata share of the General Unsecured Claims Recovery until such Holder is paid in full. Intercompany claims, intercompany interests, existing interests and section 510(B) claims will be canceled. The plan will be funded through cash in hand and proceeds from the sale of assets.