ApplianceSmart emerges from Chapter 11, extinguishes ~$11M in debt

LIVE VENTURES Inc

Live Ventures' subsidiary ApplianceSmart emerged from bankruptcy on Feb 28, 2022, eliminating ~$11M in secured and other indebtedness.
Bankruptcy Court approved Fourth Amended Plan; ApplianceSmart issued Live Ventures a secured note for $619,883.46 at 5% due Jan 2027.
Pre-petition sales tax claims of $548,472 to MN and $10,657 to OH being paid over 60 months; all other claims paid in full or settled.
The Chapter 11 case involved only ApplianceSmart; Live Ventures and all other subsidiaries were unaffected.
General unsecured claims received pro rata distribution from a $50,000 fund; JanOne received $25,000 as junior secured creditor.

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