A proposed Chapter 11 bankruptcy plan for Yellow Corp. has been filed, outlining payments to remaining secured creditors and former employees owed paid time off (PTO) and commissions. According to a filing in federal bankruptcy court in Delaware on Thursday, Yellow is seeking court approval for the voting procedures and timeline for this plan. The plan anticipates full recovery for employee PTO and commission claims, estimated to be between $75 million and $100 million. However, the filing notes that these claims are subject to committee review and will not include those from employees who accepted less favorable terms. Other claims expected to be paid in full, termed 'unimpaired,' include other secured claims (ranging from $0 to $405 million), other priority claims ($80 million to $210 million), unsecured claims under $25,000 ($25 million to $35 million), and secured tax claims (under $1 million). General unsecured claims against the estate are considered 'impaired,' with two potential recovery scenarios presented. Creditors in these scenarios would receive a pro rata share of their claims, with recovery projections ranging from 0% to 16% in one scenario (totaling $2.3 billion to $4.7 billion in claims) and 0% to 26% in another (totaling $1.3 billion to $2.7 billion in claims). The debtors stated that they believe this plan offers the most value-maximizing outcome for completing the Chapter 11 proceedings.