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Full title: Final Report Pursuant to Local Rule 3022-1(c) Filed by Karrilyn M. Thomas, Plan Administrator. (Meloro, Dennis)

Document posted on Oct 17, 2021 in the bankruptcy, 5 pages and 0 tables.

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Karrilyn Thomas of MCA Financial Group, Ltd., solely in her capacity as the plan administrator (the “Plan Administrator”), submits this final report (the “Final Report”) in accordance with Rule 3022-1(c) of the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Delaware (the “Local Rules”) in support of the Motion of the Plan Administrator for Order and Final Decree Closing the Chapter 11 Case [Docket No.To date, the quarterly fees due under 28 U.S.C. § 1930 totaling $30,929.00 have been paid to the Office of the United States Trustee – Region 3 (the “United States Trustee”) on account of this Chapter 11 Case.From the date on which the Debtor filed this chapter 11 case, the Debtor and/or Plan Administrator paid $1,241,437.68 in fees and expenses to the retained professionals that provided services through and including the Effective Date.On October 6, 2020, the Court entered the Findings of Fact, Conclusions of Law, and Order Confirming Debtor’s First Amended Proposed Combined Disclosure Statement and Chapter 11 Plan of Liquidation and Granting Final Approval of Disclosure Statement [Docket No. 419]Karrilyn Thomas Karrilyn Thomas Plan Administrator

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IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 11 Avadel Specialty Pharmaceuticals, LLC, Case No. 19-10248 (CSS) Debtor. FINAL REPORT PURSUANT TO LOCAL RULE 3022-1(c) Karrilyn Thomas of MCA Financial Group, Ltd., solely in her capacity as the plan administrator (the “Plan Administrator”), submits this final report (the “Final Report”) in accordance with Rule 3022-1(c) of the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Delaware (the “Local Rules”) in support of the Motion of the Plan Administrator for Order and Final Decree Closing the Chapter 11 Case [Docket No. [488] (the “Motion”). The following information is true and correct, to the best of the Plan Administrator’s knowledge, information and belief: Fees and Expenses 1. To date, the quarterly fees due under 28 U.S.C. § 1930 totaling $30,929.00 have been paid to the Office of the United States Trustee – Region 3 (the “United States Trustee”) on account of this Chapter 11 Case. 2. The Debtor and/or Plan Administrator has paid and/or will pay any remaining fees owed to the United States Trustee through the date of entry of a final decree. 3. From the date on which the Debtor filed this chapter 11 case, the Debtor and/or Plan Administrator paid $1,241,437.68 in fees and expenses to the retained professionals that provided services through and including the Effective Date.

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The Plan and Confirmation Order 4. On October 6, 2020, the Court entered the Findings of Fact, Conclusions of Law, and Order Confirming Debtor’s First Amended Proposed Combined Disclosure Statement and Chapter 11 Plan of Liquidation and Granting Final Approval of Disclosure Statement [Docket No. 419] (the “Confirmation Order”). The Plan went effective on October 21, 2020 [Docket No. 429] (the “Effective Date”). Distributions 5. The distributions made, or to be made, under the Plan (attached as Exhibit A to the Confirmation Order) are listed below.1
Table 1 on page 2. Back to List of Tables
Class Type of Claim or Interest Distribution
n/a Administrative Claims Except to the extent that a holder of an Allowed
Administrative Expense Claim agrees with the Debtor or
the Plan Administrator to a different treatment, and only
to the extent that any such Allowed Administrative
Expense Claim has not been paid in full prior to the
Effective Date, each holder of an Allowed Administrative
Expense Claim will be paid the full unpaid amount of
such Allowed Administrative Expense Claim, in Cash,
(a) on the Effective Date or, if not then due, then when
such Allowed Administrative Expense Claim is due,
(b) if an Administrative Expense Claim is Allowed after
the Effective Date, on the date such Administrative
Expense Claim is Allowed or, if not then due, when such
Allowed Administrative Expense Claim is due, (c) at
such time and upon such terms as may be agreed upon by
such holder and the Debtor or the Plan Administrator, as
the case may be, or (d) at such time and upon such terms
as set forth in an order of the Bankruptcy Court.
n/a Priority Tax Claims Except to the extent that a holder of an Allowed Priority
Tax Claim agrees with the Debtor or the Plan
Administrator to a different treatment, and only to the
extent that any such Allowed Priority Tax Claim has not
been paid in full prior to the Effective Date, each holder
1 The information provided in the following table is intended only as a summary description of the distributions required by, and made under, or to be made under, the Plan. Any unintended conflict between this summary and the Plan shall not be construed as a modification of the Plan. Parties should refer to the Plan for detailed descriptions of the distributions thereunder.

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Table 1 on page 3. Back to List of Tables
Class Type of Claim or Interest Distribution
of an Allowed Priority Tax Claim shall receive regular
installment payments in Cash over a period ending not
later than five (5) years after the Petition Date of a total
value, as of the Effective Date, equal to the Allowed
amount of such Priority Tax Claim, together with interest
accrued thereon at the applicable non-bankruptcy rate.
The Debtor and the Plan Administrator reserve the right
to prepay at any time under this option. Any Claims
asserted by a governmental unit on account of any
penalties and assessments shall not be Priority Tax
Claims, except as provided in section 507(a)(8)(G) of the
Bankruptcy Code.
1 Other Priority Claims Except to the extent that the holder of an Allowed Other
Priority Claim has agreed with the Debtor or the Plan
Administrator to a different treatment of such Claim, and
only to the extent that any such Allowed Other Priority
Claim has not been paid in full prior to the Effective
Date, each such holder shall receive, in full satisfaction of
such Allowed Other Priority Claim, Cash in an amount
equal to such Allowed Other Priority Claim, on the later
of (i) the Effective Date; (ii) the date the Other Priority
Claim becomes an Allowed Claim; and (iii) the date for
payment provided by any agreement or arrangement
between the Debtor or Plan Administrator, as the case
may be, and the holder of the Allowed Other Priority
Claim.
2 Secured Tax Claims Except to the extent that the holder of an Allowed
Secured Tax Claim has agreed with the Debtor or the
Plan Administrator to a different treatment of such Claim,
and only to the extent that any such Allowed Secured Tax
Claim has not been paid in full prior to the Effective
Date, each holder of an Allowed Secured Tax Claim shall
receive Cash in an amount equal to such Allowed
Secured Tax Claim, together with interest accrued
thereon at the applicable nonbankruptcy rate, on the later
of (i) the Effective Date; (ii) the date the Secured Tax
Claim becomes an Allowed Claim; and (iii) the date for
payment provided by any agreement or arrangement
between the Debtor and the holder of the Allowed
Secured Tax Claim, provided that the Debtor and,
following the Effective Date, the Plan Administrator,
shall retain and shall be entitled to enforce any setoff and
recoupment rights relating to any tax refund claim. Any
Claims asserted by a governmental unit on account of any

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Table 1 on page 4. Back to List of Tables
Class Type of Claim or Interest Distribution
penalties and assessments shall not be Secured Tax
Claims, except as provided in section 507(a)(8)(G) of the
Bankruptcy Code.
3 Other Secured Claims Except to the extent that a holder of an Allowed Other
Secured Claim has agreed with the Debtor or the Plan
Administrator to a different treatment of such Claim, and
only to the extent that any such Allowed Other Secured
Claim has not been paid in full prior to the Effective
Date, each holder of an Allowed Other Secured Claim
shall, at the option of the Plan Administrator, (i) be paid
in full in Cash, (ii) receive the Collateral securing its
Allowed Other Secured Claim, plus post-petition interest
to the extent required under section 506(b) of the
Bankruptcy Code, or (iii) receive such other treatment as
to render its Allowed Other Secured Claim Unimpaired,
in each case on the later of the Effective Date and the
date such Other Secured Claim becomes an Allowed
Other Secured Claim.
4 General Unsecured Claims Except to the extent that a holder of an Allowed Class 4
Claim has agreed to a different treatment of such Claim,
and only to the extent that any such Allowed Class 4
Claim has not been paid by the Debtor prior to the
Effective Date, each holder of an Allowed Class 4 Claim
will receive its Pro Rata Share of the Net Distributable
Assets remaining after payment of the IRS Claim in
accordance with the IRS Settlement.
5 Subordinated Claims Holders of Subordinated Claims will receive no
Distribution on account of such Claims.
6 Interests in Avadel
Specialty Pharmaceuticals,
LLC
On the Effective Date all Interests in the Debtor will be
cancelled, and holders of such Interests shall receive no
Distribution on account of such Interests.
6. Any distributions required to date under the Plan have been made or will be made in the ordinary course, as applicable. 7. All matters to be completed upon the Effective Date of the Plan have been fulfilled or completed.

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8. There is no pending adversary proceeding, contested matter, or other proceeding in this chapter 11 case that would affect the substantial consummation of the case. Dated: October 18, 2021 /s/ Karrilyn Thomas Karrilyn Thomas Plan Administrator

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