Latest News for: Creditor


BlockFi creditor group approves restructuring plan; lending users await payouts

Cryptoslate 01 Oct 2023
BlockFi’s restructuring plan has been approved by the company’s management and creditor committee, according to an email sent to users on Sept ... The company went on to state that it “worked diligently” with members of the Unsecured Creditors’ Committee (UCC) to reach the agreement.

Unsecured Wilko creditors to recover fraction of £550m owed

The Times/The Sunday Times 30 Sep 2023
Unsecured creditors in Wilko are owed £550 million — but face recovering as little as 4p in the pound ... This figure is likely to be much more once creditors have submitted their claims.

French retailer Casino extends deadline with creditors to Oct. 3

Reuters 30 Sep 2023
SummaryCompanies ... PARIS, Sept 29 (Reuters) - Casino (CASP.PA), the indebted French supermarket retailer under pressure on the bond markets, said on Friday that it has extended a deadline with its creditors to Oct. 3 ... Earlier this year, Casino earmarked a debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky ... Our Standards.

Senior Secured Creditor Awarded Judgment

Tulsa World 29 Sep 2023
... by its senior secured creditor, RIVI Opportunity… .

Wilko creditors braced for huge losses

The Business Desk 29 Sep 2023
The unsecured creditors of collapsed discount retail chain Wilko will receive between just 4-8p for every pound they’re owed, according newly-published documents ... the assets of the retailer will be distributed among its creditors.

China property crisis: Evergrande sold yacht this year, say sources, as creditors sharpen focus on ...

South China Morning Post 29 Sep 2023
Evergrande sold the 60-metre superyacht Event for US$32 million this year as part of a process to sell down noncore assets, two sources said, further shrinking its offshore assets amid a deteriorating cash crunch ... .

FTX Creditors Payment Ratio Surges To 35%-40%: A Positive Turn Of Events

BitRSS 29 Sep 2023
FTX creditors payment ratio reaches 35%-40%, a significant improvement from earlier this year, offering hope to claimants.Read more...Coincu News ... .

Evergrande crisis: Hui’s ‘arrest’ clouds debt-support deal with offshore creditors, access to assets

South China Morning Post 29 Sep 2023
China Evergrande’s US$20 billion debt workout plan is at risk of falling apart in the home stretch, as the ‘arrest’ of Hui Ka-yan clouds the founder’s capacity to deliver his obligations ... .

Will FTX Creditors Get Their Money Back As Payment Ratio Rises

CoinGape 29 Sep 2023
The ratio shows creditors can anticipate­ a higher amount recovere­d from ...


The Mountain Mail 29 Sep 2023

FTX’s Creditor Payment Ratio Surges Amid Bankruptcy Proceedings

Crypto Economy 29 Sep 2023
The expected payments ratio for claims made by creditors against FTX has experienced a significant increase, rising to between 35% and 40% ... This figure represents a significant step forward in the process of compensating creditors, instilling newfound optimism in the crypto community. FTX’s Creditor Payment Ratio Rise Was Met with Hope.