The BlockFi bankruptcy case, culminating in a significant payout to its legal team, underscores the intricate and costly nature of legal battles in cryptocurrency. As firms like Kirkland & Ellis ...
Successful bankruptcy proceedings and future plans Prince highlighted the success of the bankruptcy process, noting that ...
In its bankruptcy filing in November 2022, BlockFi had cited its loans to FTX's sister firm Alameda as one of the reasons for its collapse. Separately, FTX founder Sam Bankman-Fried is currently ...
“Fee examiners have become more prevalent recently because of very significant bankruptcy cases seeking recompense for ...
FTX Creditors to Receive At Least 118% of Allowed Claims in Cash within 60 Days of Effectiveness. Other Creditors to Receive 100% of Allowed Claims plus Billions in Compens ...
NEW YORK: BlockFi, the first direct casualty of crypto exchange FTX’s collapse, tells a US bankruptcy judge that the US cryptocurrency lender was “the antithesis of FTX” and that it would ...
There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in ...
Ron Gronkowski has agreed to settle majority of the "millions" that plaintiffs are set to receive in relation to their ...
Bankruptcy courts face the dilemma of balancing ... U.S.C. § 502), and not the higher value at confirmation. For example, BlockFi (a crypto exchange that offered customers the option to deposit ...
Editor's Note: Peloton is not the company that filed for Chapter 11 bankruptcy. The company has publicly stated that it has the capital it needs to achieve its strategic objectives. When gyms ...
Luke Sharrett/Bloomberg/Getty Red Lobster is considering a Chapter 11 bankruptcy filing, according to news sources. The restaurant chain is considering filing for bankruptcy amid growing debt ...
Bankruptcy, on the other hand, is a legal debt relief avenue by which the courts can require your lenders to discharge your debt (Chapter 7 bankruptcy) or work with you to restructure your assets ...