Ittella International, LLC, along with its affiliates, filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on January 29, 2024. As per the plan filed, administrative claims of $1.60 million, professional administrative claims of $1.80 million, priority tax claims of $0.13 million, shall be paid in full in cash. UMB secured claim of $0.15 million shall be paid in full in cash.

General unsecured claims of $46.02 million shall be recovered 5% i.e., $2.30 million and shall be paid in cash. Equity Interests shall not receive any distribution under the plan. The plan shall be funded through cash and sale of assets.