Technically speaking, those of us with existing equity interest fall into General Unsecured Claims which makes us a creditor. The difference here is that we have been split into Class 5 with said existing equity interest.
Throughout the Combined Plan it is stated multiple times that no distribution to Class 5 is anticipated. However, if somehow they receive more $ from liquidation than previously thought and have already paid off Class 3 creditors we would receive our share of the proceeds which would require the Liquidating Trustee to set a Record Date for that distribution. As a reminder - there is a reason we were not allowed to vote on the plan and a "no" was assumed and recorded for all Class 5 members, that is because no one would vote "yes" on a plan where they receive $0 in recovery.
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