First Amended Combined Joint Liquidation Plan & Disclosure Statement Filed by Valeritas Holdings, Inc.
April 15, 2020 at 12:00 am EDT
Valeritas Holdings, Inc., along with its affiliates, the official committee of unsecured creditors and the prepetition lenders, filed a first amended joint combined plan of liquidation and disclosure statement in the US Bankruptcy Court on April 15, 2020. As per the plan filed, CRG secured claim are estimated to be $2.99 million and shall recover 15% i.e. $0.45 million, prepetition lenders unsecured claim are estimated to be $0 and general unsecured claims are estimated to be $0.33 million and shall recover 9.7% i.e. $0.03 million. There are no changes in the treatment of any other claim class.