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The subsequent step is acquiring approval of the Disclosure Assertion in order that collectors, together with Earn customers, can vote to accept or reject the Amended Plan. The hearing on Genesis’s motion to approve the adequacy of the lately filed Disclosure Statement and on the solicitation and the voting procedures with respect to Genesis’s Amended Plan might be held on November 20, 2023 at 2pm ET. We will hold you posted as this develops and will do every thing in our power to deliver this continuing to a fair and well timed conclusion.

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For extra particulars on the Plan approval and confirmation process, please refer to the FAQs posted in the December 13th replace, beneath. The claim can be subordinated to all different allowed administrative expenses and secured, priority, and general unsecured claims, meaning the SEC won’t receive a distribution from the Genesis property unless all other creditors are first made whole. The U.S. Trustee and SOF International, LLC, have filed objections to Plan confirmation. Details for attending the hearing might be posted right here when they turn out to be out there.

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