Green Parts International Inc (fka GNPT)

[Hug Life]

C11 Bankruptcy Ending ! DD part 1

In 2019, GNPT filed for Bankruptcy
http://bankrupt.com/misc/ganb19-53617.pdf

The final decree is currently scheduled for 3/15/2021

Most importantly for us... from Document 91 AMENDED DEBTOR’S PLAN OF REORGANIZATION filed 06/19/20 located here. https://www.docketbird.com/court-cases/Greenparts-International-Inc/ganb-1:2019-bk-53617

It will cost 4.00 to get the filing.

ARTICLE IV TREATMENT OF CLAIMS AND INTERESTS UNDER THE PLAN

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Class 10 (Equity Security Holders). Class 10 consists of the Equity Holders of the Debtor. Each equity security holder will retain its/his Interest in the reorganized Debtor as such Interest existed as of the Petition Date. This class is not impaired and is not eligible to vote on the Plan.

Here is info on the other debt.

Class 1 (Metro City Bank) - This loan was $5,651,611.64, but is reduced to $5,141,135.37.

Class 2 (Export-Import Bank of the United States) - $523,913.87 owed.

This amount stays.

Class 3(Southland Conveying Solutions) - "Upon information and belief, Southland holds a judgment lien against all Debtor’s assets."

THIS HAS BEEN VOIDED!

Class 4(Credit Cash NJ, LLC) "junior priority lien against all Debtor’s assets"

THIS HAS BEEN VOIDED!

Class 5(Internal Revenue Service) "IRS holds statutory lien against all Debtor’s assets that is junior in priority to the Class 1 Secured Claimant"

THIS HAS BEEN VOIDED!!!

Class 6(Ianti Enterprise, Inc.) "junior priority lien against all Debtor’s assets that is junior in priority to the Class 1 Secured Claimant." "IANTI shall have a secured claim of $0.00. Upon confirmation of the Plan, the lien shall be void unless an Order of the Court provides for such relief prior to the Confirmation Date."

Class 7(PowerUp Lending Group, LTD.) "POWER UP holds a junior priority lien against all Debtor’s assets that is junior in priority to the Class 1 Secured Claimant." "Upon confirmation of the Plan, the lien shall be void unless an Order of the Court provides for such relief prior to the Confirmation Date."

Class 8(TCA Global Credit Master Fund) " junior priority lien against all Debtor’s assets that is junior in priority to the Class 1 Secured Claimant." "Upon confirmation of the Plan, the lien shall be void unless an Order of the Court provides for such relief prior to the Confirmation Date."

Class 9 (General Unsecured Claims) "all general unsecured creditors of the Debtor ... shall be paid a pro rata share of $12,000 in semi-annual installments beginning on the 6th month anniversary after the Effective Date and continuing for 10 years for a total of twelve payments of $1,000.00."