Taronis Fuels, Inc. filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on May 15, 2024. As per the plan filed, administrative expense claims, statutory fees, professional fee claims, priority tax claims, non-tax priority claims of $0.28 million shall be paid in full in cash. General Unsecured Claims of $16.17 million shall be recovered 9.2% in cash.
Wilson Claims of $4.10 million and Intercompany Claims shall receive no distribution under the plan. Existing interests shall be cancelled. The plan shall be funded through cash in hand and sale of assets.
