Around the time Reuters published our article regarding bankruptcy eligibility, the U.S. Bankruptcy Court for the Central District of California (LA Division) issued a decision in In re The Hacienda Company, LLC, that thoughtfully articulates the balancing of
Joseph Cioffi was quoted in an SCI article, “Lightning Rod?,” regarding the CFPB’s suit against subprime auto lender, Credit Acceptance Corporation.
Going forward, it looks like crypto companies that make it in New York will be able to make it anywhere. All over, at the state and federal level and internationally, turmoil in the crypto industry is leading to increased scrutiny.
For the past two years, the subprime auto market has defied expectations, but 2023 is off to a cold start. Normalization is on the horizon, but when we will get there and what it will look like when we do,
Joseph Cioffi was quoted in an American Banker article “CFPB Lawsuit Seen as Warning Shot to Subprime Auto Lenders.”
You may have heard this before: As cannabis remains a Schedule I drug under the federal Controlled Substances Act (“CSA”), cannabis companies cannot seek bankruptcy relief under federal law. Not so fast. Access to bankruptcy can be highly fact-dependent.
When the history books are written, it may be said that the biggest event to shake the crypto world was not the crypto bankruptcies of 2022, but rather, the clawback of billions of dollars in crypto value in those bankruptcies.
As we learn more about FTX’s operations, speculation is slowly giving way to certainty. It’s clear FTX’s collapse will have a deep impact on the future of regulations, its bankruptcy will help create the blueprint for clawbacks in the crypto
Joseph Cioffi was quoted in a Bloomberg Law article, “Madoff, MF Global Offer Guidance as FTX Faces CFTC in Bankruptcy.”
