Hints and tips:
...A Genesis entity, GGC International Ltd, is on the official committee of unsecured creditors in the FTX and Alameda joint-bankruptcy process....
...FTX is seeking court permission to appoint Galaxy, which it said was chosen in consultation with the official committee of unsecured creditors and after considering other potential investment advisers....
...Unsecured creditors such as landlords, local authorities and suppliers are unlikely to receive anything from Debenhams’ collapse, which resulted in the closure of more than 100 stores and the loss of about...
...Once the case begins, the Office of the US Trustee, the bankruptcy agency of the Department of Justice, will appoint a committee of unsecured creditors that is likely to be composed largely of FTX account...
...An official committee of unsecured creditors has also hired a consultant, Elementus, as “blockchain forensics adviser”....
...Along the way, Sullivan secured support from the once-sceptical trustee in addition to Ray, the new chief executive, and the official creditor committee, helping it hold on to the bankruptcy mandate despite...
...committee of unsecured creditors, could advocate for minority shareholders....
...A spokesperson for Mashinsky said he and his family still had $44mn of crypto assets frozen with Celsius even after the withdrawals, which he had voluntarily disclosed to the official unsecured creditors...
...It remains a group, a strong international franchise, high diversification of revenues, strong capital, and high buffers of bail-inable debt to protect senior unsecured creditors....
...He committed his crime by trying to snatch a lion’s share of that pot while he represented all unsecured creditors on an official committee in the bankruptcy....
...Kamensky, who co-chaired an official committee of creditors, offered to buy some of those illiquid shares for 20 cents on the dollar from fellow claimants who wanted immediate cash....
...Mr Kamensky, who was a member of an official committee of unsecured creditors, then sought to pressure Jefferies to back off from making another bid for the securities, prosecutors said....
...“Ask Detroit’s creditors how it went for them,” he said, pointing out that unsecured creditors received less than 20 cents on the dollar....
...As Greybull ranks senior to these unsecured creditors, it still stands a chance of recouping its investment....
...The company, however, is set to face questions from MPs after parliament’s business select committee on Saturday launched an inquiry into the future of the steel industry....
...“Because the deficit is calculated on a buyout basis the pension schemes will be the largest unsecured creditors by a country mile, with a claim against Carillion, I estimate, at £1.4bn, much bigger than...
...Unsecured creditors are expected to received less than 1p in the pound....
...other unsecured creditor liabilities, such as tax debts, and then continue trading....
...As little as £40m could be salvageable from close to £635m of senior secured and unsecured debt, say rating agencies....
...Unsecured creditors of MF Global UK may receive up to 40 per cent of their claims, double previous expectations, the administrator to the failed futures broker said on Wednesday....
...IBRC’s unsecured creditors – which include trade suppliers, local credit unions, external accountants and lawyers, investors and potentially even some depositors – face big losses, and could even be wiped...
...Greater encumbrance of bank balance sheets can adversely affect the residual claims of unsecured creditors during bank resolution, increase risks to deposit insurance schemes and reduce the effectiveness...
...If the conditions are met, KPMG said it could also make an initial distribution of 20p in the pound to unsecured creditors....
...The US trustees claims against the UK amounted to $910m in client money and nearly $500m in unsecured creditor claims....
...KPMG agreed a discounted fee structure with the creditors’ committee, which cut fees it will receive in the period from 31 October 2011-30 April 2012 by £10.3m to £28.8m....
International Edition