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 ...
According to the bankruptcy code, debtors are expected to present a Chapter 11 plan within 120 days of filing for bankruptcy. For BlockFi, the company needed to submit a plan by March 27.
BlockFi, a crypto loan and borrow platform, filed for Chapter 11 bankruptcy protection on Monday, becoming the latest crypto firm to go under following the rapid collapse of offshore trading venue ...
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 ...
There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in detail.
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 ...
Clothing retailer Express has filed for chapter 11 bankruptcy with initial plans to close stores and sell most of its remaining locations and operations. The Columbus, Ohio-based business on ...
Express has filed for bankruptcy and plans to close nearly 100 of its 500 retail locations, the Columbus, Ohio-based clothing retailer said on Monday. Express reported nearly $1.2 billion in total ...
FTX proposed bankruptcy repayment still faces significant ... customer repayment in recent crypto bankruptcies, including the BlockFi and Genesis Global cases. If the government does not agree ...
Trendy fashion retailer Express Inc. has filed for bankruptcy after consistently struggling with continued missteps over its merchandise mix that failed to get shoppers excited. The retailer filed ...
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 ...
Financially struggling retailer Express said Monday morning that it has filed for bankruptcy protection and that it plans to close 95 of its Express stores and all of its UpWest stores starting ...