secwatch.observer — SEC 8-K summary
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Issuer:     LIVE VENTURES Inc (LIVE)
CIK:        0001045742
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0000950170-22-002733
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045742/000095017022002733/0000950170-22-002733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045742/000095017022002733/live-20220228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-002733

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