For right now, many objections are being filed, If you are a creditor and are part of the liquidation, i would suggest making sure you have all materials gathered up that give proof to purchase, and that you are owed money. they are trying to get peoples claims completely disallowed, basically offering more available money to the lawyers and bigger buyers to increase their approved claim.
I have seen people discussing objections to claims on this, and you only have a short time to respond. Its a chance of you basically giving up your right to any available funds and handing them over to other people like lawyers.
Once the objections are done, and plan fully confirmed, liquidation will take effect, and then dispersal of any funds if i understand correctly.
I just got the objection letter today, and if I understand it correctly it means that they are moving to convert my claim to a specific "unsecured" dollar amount. In my case the debtor's lawyer did not tick the "disallow" box so I'm not sure if my response is required. I am basically tacitly agreeing to the compensation amount denominated in dollars. No doubt if my claim had a greater dollar value they would move to "disallow" it for sure!