Chapter 11 Trustee filed a joint plan of liquidation along with related disclosure statement for EarthFirst Technologies Inc. in the US Bankruptcy Court on March 11, 2013. Under the plan, administrative expense claims, professional fee claims, priority tax claims and US Trustee fees will be paid in full in cash. The priority claims and secured tax claims will be paid in full in cash.

The secured claims will be paid through return of collateral in full satisfaction of the claim. Trustee believe there is no any secured tax claims and secured claims. General unsecured claims will be paid in cash in full satisfaction. The equity interests will be cancelled.

The plan will be funded from sale of debtor's estate assets.