On November 28, 2022, the Debtors filed their Plan of Reorganization. Download the Frist Day by Reorg 2022 Year in Review whitepaper here to read more trends and insights into U.S. bankruptcy filings throughout 2022. Some of the fears surrounding contagion from SVB Financials collapse have begun to abate, as shown by a slight uptick in primary market activity, as two bond deals and several leveraged loan transactions came to market. Tricor/Vistra: Investors who considered the $1.66 billion-equivalent incremental term loan B being marketed to support the merger of corporate services companies Tricor and Vistra highlighted that the companys scale will more than double as a result of the deal. c/o Kroll Restructuring Administration LLC. Continue Reading, Legislative CoverageThe newly formed House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion held its first hearing examining recent federal regulatory actions related to the cryptocurrency industry on Thursday, March 9. He founded crypto exchange Bitmex in 2014 and then became the original crypto bad boy. BlockFi Trading LLC(22-19363) BlockFi Lending LLC(22-19365) BlockFi Wallet LLC(22-19366) BlockFi Kroll Restructuring gm! Our SMEs partnered with our data scientists to develop a model that compares new OMs with all U.S. and European high-yield bond offerings since 2020 contained in Reorgs library. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. Ltd., et al.) Blockfi IL
In Europe, additional tier 1 bond investors are still aching from a controversial decision announced on Sunday evening, March 19, by the Swiss financial regulators to wipe out $17 billion of Credit Suisse AT1 debt as part of a merger with domestic rival UBS. Notice of Bar Dates for Submitting Proofs of Claim and Claims Under Section 503(b)(9) of the Bankruptcy Code Against the Debtors. BlockFi WebNew York, NY 10163-4850. We work with clients through every step of their restructuring, no matter the complexity, size, or industry. NY
WebWe would like to show you a description here but the site wont allow us. WebBlockFi Inc. The deal comes with significant execution risk and large integration costs. What lies ahead in 2023 in Asian restructuring and where are the opportunities for investors? The news sent shock waves across global markets, and the extent of repercussions from the financiers collapse on startups and financial services in general remains unknown. Submission of claim forms via email and/or facsimile transmission is not permitted. 22-19368) - for non-US residents. As a result, once a new OM is announced, we can quickly ascertain how certain sub-sections might appear, given the sponsor and law firm attached to the deal. Brooklyn, NY Amended Schedules Bar Date: June 14, 2023 at 5:00 p.m. (ET) Click on "Submit a Claim" above to download a proof of claim form and for more They may be unsafe, untrustworthy, or illegal in your jurisdiction. And as Santori quips: "Kraken's master account application has not yet been rejected. New York, NY 10163-4850. Password must match previously entered new password. 6472, 6585). If you would like a copy of your claim returned to you as proof of receipt, please enclose an additional copy and a self-addressed postage-paid envelope. WebWe would like to show you a description here but the site wont allow us. "For more from Decrypt, visitdecrypt.coand follow@gmdecrypt on Twitter.Be sure to join the gm Telegram room for direct access to our hosts and guests.Hosts and guests:Dan RobertsTwitter: @readDanwriteStacy ElliottTwitter: @stacyannjArthur HayesTwitter: @CryptoHayesPodcast thumbnail art by Grant Kempster, Anthony Scaramucci of hedge fund SkyBridge Capital got burned by Sam Bankman-Fried: he co-hosted SALT conferences with FTX and sold a 30% stake in SkyBridge to FTX Ventures. BlockFi Bankruptcy - Creditors Thread Updates & Help -Lets get some funds back, https://restructuring.ra.kroll.com/blockfi, Re: BlockFi Bankruptcy - Creditors Thread Updates & Help -Lets get some funds back, https://restructuring.ra.kroll.com/blockfi.Clients, https://restructuring.ra.kroll.com/blockfi/EPOC-Index. However, with Reorgs Restructuring Risk Index (RRRI), Reorg has transformed this landscape with a WebWe would like to show you a description here but the site wont allow us. Reorgs expert global team research and publish thousands of analysis and intelligence articles every year to bring clarity to investors, bankers, lawyers and consultants. On March 10, 2023, the Bankruptcy Court entered an order approving the Disclosure Statement and confirming the Plan. Parties to the dispute have filed a joint statement outlining their views on the next steps in PREPAs restructuring. 02110
To file a proof of claim, to obtain a downloadable proof of claim form, or to obtain additional information on the Debtors cases free of charge, please visit https://restructuring.ra.kroll.com/blockfi/EPOC-Index. Kroll Webc/o Kroll Restructuring Administration LLC. Access is limited to Zayo lenders, bondholders or parties under an NDA. Read more. New York, NY 10163-4850. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The Luxembourg-based printing and packaging company added that it expects this level of support to enable the group to implement the transaction by way of a U.K. scheme of arrangement. Or. American Rescue Plan Act: The state of Ohio filed a petition for writ of certiorari with the U.S. Supreme Court seeking review of a November 2022 opinion by the Sixth Circuit holding that Ohios challenge to the offset restriction provision, or tax mandate, of the American Rescue Plan Act, or ARPA, which prevents states from using ARPA funds to directly or indirectly offset net reductions in tax revenue resulting from changes in state law, was mooted by a clarifying regulation issued by the Treasury Department. Webhttps://decrypt.co/121208/bakkt-backs-out-of-consumer-business-to-focus-on-b2b-offering. Congress enacted section 365(o) to prevent institution-affiliated parties from using bankruptcy to evade commitments to maintain capital reserve requirements of a federally insured depository institution. Resolution Trust Corp. v. Firstcorp, Inc. (In re Firstcorp), 973 F.2d 243, 246 (4th Cir. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. You will be able to find the official announcement, This action follows the shocking events surrounding FTX and associated corporate entities (FTX) and the difficult but necessary decision we made as a result to pause most activities on our platform..
15-00571 Committee v BOKF Adversary, Adversary Case No. MA
For more from Decrypt, visitdecrypt.coand follow@gmdecrypt on Twitter.Be sure to join the gm Telegram room for direct access to our hosts and guests.Hosts and guests:Dan RobertsTwitter: @readDanwriteStacy ElliottTwitter: @stacyannjAnthony ScaramucciTwitter: @ScaramucciPodcast thumbnail art by Grant Kempster, In our latest gm AMA, recent guest Friederike Ernst, Co-founer and COO of Gnosis, hopped into our listener Telegram room and answered questions via voice memo. Asias high-yield market in 2022 was hit by multiple defaults in Chinas real estate sector. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. Holders of Administrative Claims that are required to File and serve a request for payment of such Administrative Claims by the Administrative Claims Bar Date that do not timely File and serve such a request shall be forever barred, estopped, and enjoined from asserting such Administrative Claims. A subreddit dedicated to discussion of BlockFi, a bankrupt crypto lender. Last week, as part of our Chapter 11 process, we participated in our 341 Meeting, which is a customary meeting of creditors required for all companies who go through the Chapter 11 process. Lauren Bielskie, Esq. Read more on Codere. NJ
The structure and pricing have yet to be finalized, but the banks have some time, as the bridge does not expire until October. No. Logged in as {0} Logout; Login; Register; File a Claim Edit Incomplete; Submission Information Edit Not Started; 1 of 2; File a Claim. For more information, please see our https://restructuring.ra.kroll.com/blockfi/EPOC-Index. The company is dealing with a significant interest burden, which is eroding its liquidity. (BlockFi Inc., et al. Representative Cases. That means reckoning with a really challenging regulatory environment and growing its customer base overseas. WebWe would like to show you a description here but the site wont allow us. Pro.
Both businesses are based in Hong Kong and have activities in Asia, however Vistras activities in the EMEA region and in the Americas will enable Tricor to expand its focus beyond Asia. Restructuring Adv. Weekly highlights from our global intel and expert analysis, Collateralized Loan Obligation (CLO) Data, Primary in the Eye of the Storm: Challenges and Opportunities in Leveraged Finance in a Downturn, Winter Came for Covid-Era Darlings? TX
WebRestructuring Administration Cases. 60654
Scan this QR code to download the app now. Rising interest rates and the collapse of crypto are also becoming prominent reasons for bankruptcy filings. New York, NY 10163-4850. Now Marco Santori, the company's chief legal officer, says the exchange is eager to move on from it. No. BlockFi Inc. Case No. Pro. WebYou may want to try one of the following: Close this dialog and continue to use this page. If you are interested in understanding how a Reorg subscription can benefit your business, request trial access here www.reorg.com/trial. (related document:5 Notice of Amended Agenda for Hearing on May 8, 2023 at 10:00 a.m. (Eastern Time) in support of (related document:828 Notice of Agenda filed by Debtor BlockFi In Order Granting Application to Shorten Time (related document:919 Motion to Seal re: Declaration of Tristan Axelrod with Exhibits.. filed by Creditor Committee O Adv. v. Emergent Fidelity Techs. In this paper, access a curated selection of data-driven insights into credit situations developing around the world right now. restructuring ESGx by ReorgSimplify the process of ESG and sustainability reporting with ESGx by Reorg, which provides a resource for regulatory reporting, including SFDR, TCFD and upcoming sustainable finance disclosures as well as a standardized source of reportable ESG metrics for the markets evolving requirements. Restructuring Get schooled on the latest in Bitcoin, Ethereum, DeFi, NFTs, DAOs, metaverse, and all things Web3 cultu Global litigation firms are now in full swing to prepare legal challenges. Please find below a link to the following important document, related to the bankruptcy proceedings of BlockFi Inc., et al., Case No. WebKroll Restructuring Administration (formerly known as Prime Clerk) collects your email for the sole purpose of sending you updates on the docket activity for the case you select at the frequency and for the duration that you designate. c/o Kroll Restructuring Administration LLC. What are the restructuring trends, and where are the next set of credit opportunities in Asia? Kroll Restructuring PodcastAt the center of Silicon Valley Banks stunning collapse was an investment portfolio stuffed with mortgage-backed securities, or MBS. BlockFi Kroll Restructuring Administration (formerly known as Prime Clerk) collects your email for the sole purpose of sending you updates on the docket activity for the case you select at the frequency and for the duration that you designate. Continue Reading, SVB Bond Trustee US Bank Taps CounselUnsecured creditors to SVB Financial Group are mobilizing and speaking with restructuring advisors in preparation for an expected chapter 11 filing, according to sources. The founders of Quark are looking for a new partner to continue the companys growth and international expansion.The process is at an early stage, sources noted. restructuring Find out how Reorgs Restructuring Risk Index can boost your prospecting and business development efforts here.Request a trial. Rest assured, we will continue to work on recovering all obligations owed to BlockFi as promptly as practicable., Additional information regarding our chapter 11 cases, including court documents and claim information, can be found by visiting BlockFis claims agent Kroll at, We apologize that communication with our clients has not been as frequent as you have come to expect from us. Guide to Filling out Your Proof of Claim Form(s), BlockFiBankruptcyNoticing@noticing.ra.kroll.com, Topic: BlockFi Bankruptcy - Creditors Thread Updates & Help -Lets get some funds back (Read 132 times). [emailprotected]. BlockFi Over the last several days, alternative capital providers have raced to identify new money opportunities exacerbated by distress across the regional banking sector, from bidding on deposit claims to structuring rescue loans for portfolio companies with imminent payroll obligations. An AI model built on higher-valued data will have more accurate results. Deadline to File Claims. Among other details, we highlight the three schemes under the plan and benchmark various terms against historical and ongoing restructurings such as the restructuring consideration, debt/equity swap terms, money terms, asset sales undertaking and credit enhancements.