Forbes Energy Services Ltd. filed a a pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 22, 2017. As per the plan filed, administrative claims, priority tax claims, other priority claims shall be paid in full in cash. Other Secured Debt Claims in the amount of $1.5 million shall be paid in full in cash. Senior Secured Debt Claims in the amount of $24.01 million shall be paid in full in cash. Senior Unsecured Notes Claims in the amount of $312.33 million shall receive its Pro Rata share of $20 million in cash and 100% of the New Common Stock. General Unsecured Claims in the amount of $8 million shall receive Cash in an amount equal to such allowed claim. Intercompany Claims will be reinstated. Equity Interests in Parent will be deemed cancelled upon the Effective Date. On the Effective Date, Reorganized Parent will own 100% of the Equity Interests in Subsidiaries, directly or indirectly. The plan shall be funded through cash on hand, issuance of equity and exit financing in the amount of $50 million. The debtor filed technical modifications to the Prepackaged Joint Plan of Reorganization in the US Bankruptcy Court on March 22, 2017. The treatment of the all claim classes remains same.