Emergent Capital, Inc. filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 15, 2020. As per the plan filed, administrative expense claims, priority tax claims, professional fee claims and general unsecured claims shall be paid in full in cash. Each holders of senior secured notes claims shall receive its pro rata share of the new series A notes and the Debtor shall pay in full in cash all outstanding senior secured notes trustee fees. Each holders of convertible unsecured notes claims shall receive its pro rata share of the new series B notes and the Debtor shall pay in full in cash all outstanding senior secured notes trustee fees. The existing equity interests in the debtor shall be canceled and extinguished as of the effective date. The plan shall be funded through cash on hand, new series A notes and new series B notes.