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....
...The liquidation is likely to be scrutinised by Celsius and the committee that will be formed in the bankruptcy proceeding to represent unsecured creditors, bankruptcy lawyers have said....
...But lawyers for Purdue, the Sacklers and the creditors committee, which includes individual claimants, have argued the full liability release is a condition for the Sacklers making any financial contribution...
...It has not, according to the Determinations Committee, the finance-industry group that’s in charge of these types of matters. The committee decided that on June 2. Then it decided again on June 8....
...The Determinations Committee decided Monday to consider the question, but no decision has yet been announced at pixel Tuesday (early morning UK time)....
...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....
...A finance ministry committee known as CIRI that helps distressed companies has been taking part in talks over Casino’s negotiations with creditors....
...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...
...He attempted to cheaply buy some of the $172mn of settlement proceeds allocated to unsecured creditors like him by threatening a rival bidder....
...An official committee of unsecured creditors has also hired a consultant, Elementus, as “blockchain forensics adviser”....
...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...
...committee of unsecured creditors, could advocate for minority shareholders....
...committee (UCC) in the bankruptcy proceedings....
...Ron Thompson, an expert in restructuring at Alvarez & Marsal, said a creditor committee would typically be formed, in which various creditors would make decisions through a majority vote....
...Both bidding groups agreed to pay off secured creditors in cash leaving unsecured bondholders holding nearly $3bn in current debt as the critical constituency left to win over....
...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....
...He said he believed that unsecured creditors were ultimately unharmed when Jefferies eventually bid for the MyTheresa securities....
...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....
...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....
...Prosecutors alleged that Mr Kamensky breached his legal duties as co-chair of Neiman’s unsecured creditors committee, which prevented him from profiting at the expense of similarly situated investors, when...
...Under a fire-sale scenario, NMC said unsecured creditors would realise a return of 4-5 per cent on their outstanding claims....
...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...
...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....
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