Small Business Development Group, Inc. filed a plan with related disclosure statement in the US Bankruptcy Court on April 25, 2016. As per the plan filed, Administrative Expense Claims of $0.02 million, Priority Tax Claims, United States Trustee Fees, non-insider unsecured claims of $0.08 million, prepetition insider wage claims of $0.25 million and non-wage claims of insiders of $0.69 million will be paid in full in cash. The interests of the equity holders of the Debtor shall be retained but be subordinate to all classes of administrative, secured and unsecured claims. The plan will be funded through cash in hand and placement of $0.35 million of a convertible secured debt.
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2022 | Small Business Development Group, Inc. Announces Ai Driven Mergers & Acquisition Division | CI |
2022 | Small Business Development Group, Inc. completed the acquisition of Stony Hill Advisors LLC. | CI |
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