Williams Industrial Services Group Inc. filed combined plan of liquidation with related disclosure statement in the US Bankruptcy Court on December 22, 2023. As per the plan filed, administrative claims, priority tax claims, other priority claims of $0.10 million, Secured Claims Other Than Pre-Petition Term Lenders? Secured Claim of $0.51 million and Pre- Petition Term Lenders?

Secured Claim of $5 million shall be paid in full in cash. General Unsecured Claims of $25 million and Pre-Petition Term Lenders? Unsecured Claim of $10.80 million shall be recovered 3% in cash.

Intercompany Claims shall be disallowed, and Equity Interests shall be cancelled. The plan shall be funded through cash in hand and sale of assets.