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....
...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...
...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....
...Willem Buiter of Citigroup said: “There are enough unsecured creditors to bail in, including senior unsecured creditors . . . to keep the taxpayer out of it.”...
...The plan has received the support of the official creditors’ committee, but other groups may still object....
...Committee of Unsecured Creditors, which represents junior creditors....
...The official committee of unsecured creditors has joined in the action, as well as a suit against Barclays....
...The settlement is backed by the official committee of unsecured creditors but excludes other creditors such as Wilmington Trust, the trustee for certain exchangeable notes that remain the subject of litigation...
...In bankruptcy, the court appoints an official committee to represent unsecured creditors and the estate pays the bill....
...The official committee of unsecured creditors and trustees for the bondholders said they supported the revised deal....
...GM’s ad hoc bondholders’ committee said on Thursday they would be willing to swap their $27bn of notes for 58 per cent of the carmaker’s shares....
...Advisers to a committee of bondholders called the proposal to exchange $27bn in debt for 10 per cent of the company “neither reasonable nor adequate”....
...Delta Air Lines’ unsecured creditors plan to hire former Continental chairman Gordon Bethune as an adviser to evaluate the competing claims for control of the third-largest US airline....
...This is often difficult because of the different agendas and personalities on the creditors’ committee....
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