The answers to your questions are likely explained in the disclosure statement, and in the settlement proposal, and you should review them again, to see what they say about your chances of being paid.
Besides the disclaimers, which usually provide a liquidation analysis, which may state that the case may fail if not reorganized, there are some general propositions that should help to explain this. The liquidation analysis should predict what happens if the plan is rejected, and may describe what happens if claims such as yours do not accept the plan.
In general, administrative claims get paid first, then it is more likely that priority claims get paid in full before unsecured claims. Whether any of these three classes get paid, should be disclosed.
You may benefit from conferring with an experienced bankruptcy attorney, to review this chapter 11 plan, and your rights.
General legal advice is offered for educational purposes only. A consultation with a qualified attorney is required to determine specific legal advice as to your situation and applicable law. We are a debt relief agency and we help people file for relief under the bankruptcy laws.