Statute
Chapter 11
1,295 published works
Real Bankruptcy Intel
What We’re Reading This Week [April 27, 2023]
By Sean T. Scott, Aaron Gavant, Lisa A. Holl Chang
Bed Bath & Beyond, the home goods retailer, has filed bankruptcy under Chapter 11 and plans to conduct liquidation sales and close all of its brick-and-mortar stores by June 30,…
The CLS Blue Sky Blog
Crypto Contagion: FTX, a Sector’s Crisis, and the Future of Digital Assets
By Lev Breydo
In just three years, crypto conglomerate FTX Group went from start-up to a $40 billion global phenomenon to a company in “free-fall” Chapter 11. The debacle has been most brutal…
New Jersey Law Blog
It’s Déjà Vu All Over – Tuesday Morning Files a Chapter 22 Bankruptcy
It's the second Chapter 11 bankruptcy petition (a Chapter 22) in three years for the discount, closeout home retailer, Tuesday Morning Corporation. The retailer filed for bankruptcy protection in the…
Real Bankruptcy Intel
No Double Dipping – <em>Avianca</em> Bankruptcy Court Demands that Foreign Creditors Drop Foreign Enforcement Proceedings at Risk of Having Bankruptcy Claims Disallowed
By Matthew Wargin, Aaron Gavant, Jade M. Edwards
In a recent article, Mayer Brown’s Matthew Wargin, Aaron Gavant, Jade Edwards, and Lauren Wray examine a new iteration of coercive sanctions imposed on potentially “double dipping” foreign creditors in…
Consumer Financial Services Law Monitor
Not Your Keys, Not Your Coin: Bankruptcy Court Looks to Contract Law to Determine Consumer Interest-Bearing Crypto Deposits Belong to Celsius’ Bankruptcy Estate
By Addison Morgan, Ethan G. Ostroff, Deborah Kovsky-Apap
Throughout the latter half of 2022, filing for bankruptcy became a reality for many high-profile crypto firms. The resurgence of "crypto winter" has brought many crypto-related entities to their proverbial…
In Solvency
Cryptocurrency Deposits Do Not Belong to Account Holders: New York Bankruptcy Holding Severs Customers’ Right and Title to Crypto Assets Deposited in Celsius Network Earn Program Accounts
By Keith C. Owens, Fox Rothschild LLP
In a recent decision by Chief Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York presiding over cryptocurrency Chapter 11 megacase, In re…
Crypto Digest
Earn Accounts are Property of the Estate: Celsius Update
Earlier this month, the SDNY Bankruptcy Court answered one of the gating questions at the center of Celsius Network’s Chapter 11 bankruptcy regarding the ownership of the approximately $4.2 billion…
Consumer Financial Services Law Monitor
Troutman Pepper Weekly Consumer Financial Services Newsletter
By Ethan G. Ostroff, Elizabeth Briones, Addison Morgan, Thailer Buari, Jed Komisin, Alan D. Wingfield
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services…
Restructuring Globalview
Who Owns the Crypto, the Customer or the Debtor?
Whose crytpo is it? With the multiple cryptocurrency companies that have recently filed for bankruptcy (FTX, Voyager Digital, BlockFi), and more likely on the way, that simple sounding question is…
FinTalk
FTX Contagion – BlockFi Follows FTX and Others Into Bankruptcy
By Gregory Gennady Plotko, Frederick (Rick) Hyman
BlockFi Inc. and eight of its affiliates followed the paths of crypto platforms Voyager, Celsius and FTX by filing for bankruptcy protection. The case, commenced in the District of New…