article thumbnail

Crypto Exchange Platforms Grapple with Consequence of Filing Bankruptcy

PBWT

Exchange platforms also function similar to traditional securities brokers that facilitate the trading of investment products that are not typically held in the beneficial owner’s name. When a firm files for bankruptcy, SIPC provides insurance coverage that will help replace or restore the customers’ cash and investments.

article thumbnail

BlockFi Bankruptcy Deals New Blow to Crypto. Here’s What to Do Now

Nerd Wallet

The cryptocurrency trading and lending platform BlockFi filed for Chapter 11 bankruptcy on Monday, deepening the uncertainty for customers who already had been unable to access their deposits for several weeks. The article BlockFi Bankruptcy Deals New Blow to Crypto. Andy Rosen writes for NerdWallet. Twitter: @[link].

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Company Directors banned for trading whilst insolvent

UK debt collections

Three Directors of a Finance firm have been banned for trading whilst insolvent. Independent Derivative Traders Ltd traded as Futex. They provided access to a financial markets trading platform for sub contracted independent traders in the UK. It became apparent that the company was not able to meet its liabilities.

Trade 72
article thumbnail

The savings gap for Baby Boomers: Bankruptcy could help you stay retired

Roths Child Law

Where she once had been a millionaire, she now had to file for Chapter 13 bankruptcy to repay her debts. The better affordability did come with trade-offs, though, she admitted. Debt is one of the major causes of this problem, so remember that bankruptcy could be an option that helps.

article thumbnail

Crypto Company FTX Files Massive Bankruptcy in Delaware

PBWT

Earlier this year, we wrote about the challenges facing the crypto industry that resulted in the bankruptcy filings of Three Arrows Capital, Celsius Network, and Voyager Digital. On November 11, FTX Trading LTD and approximately 130 of its affiliates filed voluntary chapter 11 bankruptcy petitions in Delaware.

article thumbnail

What Is Nonexempt Property In Bankruptcy, And Why Does It Matter?

Debt Free Colorado

You’ve undoubtedly heard of bankruptcy. Some people swear they’ll never file bankruptcy, while others regularly use it as a tool. Our competent bankruptcy attorney at Dray Legal can explain this in more detail. Our competent bankruptcy attorney at Dray Legal can explain this in more detail.

article thumbnail

In A Major Victory For Trademark Licensees, Supreme Court Holds That Rejection Of A Trademark License Does Not Terminate The Licensee’s Rights

In the Red

v Tempnology, LLC case: Whether, under 365 of the Bankruptcy Code,a debtor-licensors rejection of a license agreementwhich constitutes a breach of such contract, 11 U.S.C.365(g)terminates One of its first motions in the bankruptcy case was to reject the Agreement and the focus quickly turned to the trademark license.