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....
...An official committee of unsecured creditors has also hired a consultant, Elementus, as “blockchain forensics adviser”....
...committee of unsecured creditors, could advocate for minority shareholders....
...John McIntire of Goldman Sachs Group Inc., which managed the sale with JP Morgan & Co., said two-thirds of the bonds were sold to such clients, with the rest going to emerging-market and high-yield accounts...
...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...
...The minority group is so convinced of a chance for recovery that they plan to ask a judge for their own official committee in the company’s bankruptcy proceedings when they face off against Revlon’s debt...
...This progress is notable given that inefficient corporate workouts have long plagued China Inc, leaving investors and creditors in distressed companies in perennial limbo. There is much at stake....
...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....
...Hertz said on Saturday that 85 per cent of the unsecured bondholder group supported the Centerbridge plan, saying, “the level of creditor support for the Sponsorship Group's proposal gave it the clear advantage...
...He is also chief executive of Bitfinex, a sister crypto exchange to Tether. An official Bitfinex biography notes that he speaks five languages....
...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....
...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....
...Mr Kamensky resigned as co-chair of the unsecured creditors committee on August 1....
...Despite his position as co-chair of the committee of unsecured creditors, Mr Kamensky admitted trying to exert improper influence over Jefferies, according to the trustee....
...After the Beilinson testimony a court ordered investigation conducted by a committee of unsecured creditors — including Mr Kamensky — concluded in July that Neiman Marcus was deeply insolvent at the time...
...Mr Kamensky was co-chair of the creditors’ committee. The brawl is not just a diverting piece of Wall Street theatre....
...Kamensky resigned as co-chair of Neiman’s unsecured creditors’ committee on August 1....
...A newly formed committee of unsecured creditors supported the share sale, since the new capital would rank lower than even unsecured liabilities....
...A separate investigation into the transfer is already being carried out by a committee of unsecured creditors....
...The hedge fund said that an “official creditors’ committee or some other independent fiduciary should be authorised to investigate the facts and circumstances [related to the transfer] and pursue all available...
...“We have received the DSSI for our direct debt obligations from the official bilateral creditors,” a senior official from the president’s office told Nikkei....
...Some of the League's unsecured creditors are pushing back on the sale. Texas-based billionaire Daniel Friedkin has bought Italian football club AS Roma in a €591m deal....
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