Star Buffet, Inc. emerged from its Chapter 11 bankruptcy as its plan of reorganization became effective on January 17, 2013. Star Buffet, Inc. had filed its second amended plan in the Court on October 17, 2012. The plan shall be funded from the liquidation of restaurant properties for approximately $16.35 million, sales proceeds, exit loan provided by Robert E. Wheaton in the amount of $0.3 million at the rate of 6.5% per annum and the operating income derived from the restaurants operated by the debtor.