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Chapter 11
1,295 published works
Bankruptcy & Restructuring Law
FTX Trading Ltd.
By Cole Schotz
On November 11, 2022, the world’s second-largest cryptocurrency exchange FTX Trading Ltd. filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Vesta Holdings, LLC
By Cole Schotz
On October 30, 2022, wealth advisory, risk management services and insurance brokerage services provider Vesta Holdings LLC of Mongomeryville, PA filed a petition for relief under Chapter 11 of the…
Restructuring Globalview
Fifth Circuit Says A Solvent Debtor Must Pay According To The Contract – No Doubt About It
The saga of the first Ultra Petroleum Corp. chapter 11 cases appears to have finally come to an end. Numerous articles have been written on the tortured history of whether…
Herrick Restructuring Review
Sale Procedures for 363 Sale of Compute North Partially Approved With Timing of Sale to Be Addressed at Supplemental Hearing
In re Compute North Holdings, Inc., No. 22-90273 (Bankr. S.D. Tex.) The bankruptcy court approved a portion of proposed bid procedures for the sale of Compute North. Debtors sought an…
Herrick Restructuring Review
Cryptocurrency Mining Data Center Files for Chapter 11 Amid Crypto-Recession
In re Compute North Holdings, Inc., No. 22-90273 (Bankr. S.D. Tex.) Compute North Holdings, Inc., a large data center with a focus on cryptocurrency mining, files for Chapter 11 protection…
Herrick Restructuring Review
Bankrupt Cryptocurrency Debtor Seeks Sale of Stablecoins
Bankrupt cryptocurrency lender Celsius Network LLC recently sought permission to sell some of its “stablecoin” for U.S. dollars to continue operations through its Chapter 11. Celsius requires court approval for…
Bankruptcy & Restructuring Law
New Chapter 11 Filing – Phoenix Services Topco LLC
By Cole Schotz
On September 27, 2022, Phoenix Services Topco LLC, a steel mill service provider with approximately 2,600 employees, filed a petition for relief under Chapter 11 of the Bankruptcy Code in…
FinTalk
Your Counterparty Filed Chapter 11 – Make Sure to Check These 10 Boxes
On September 14, Crowell partners Rick Hyman and Gregory G. Plotko, together with Dawn Haghighi, General Counsel of PVC Murcor, published an article on the Association of Corporate Counsel’s ACC…
Real Bankruptcy Intel
What We’re Reading This Week [August 30, 2022]
By Lisa A. Holl Chang, Aaron Gavant, Sean T. Scott
Judge David Jones in the Southern District of New York has rejected a request for an official committee of equity holders in Revlon’s chapter 11 proceedings, as reported by Reuters.…
@theBar
Voyager To Chart The Course In Crypto Bankruptcy
Post Authored By: Jake Leahy Early last month, Voyager Digital Assets, Inc. charted its own course. That is, the cryptocurrency platform filed a voluntary Chapter 11 Bankruptcy petition in the…