The Only Independent Online Trading Platform is Helping Crypto Customers Unlock the Value in Their Accounts that has been Locked by Bankruptcy
Xclaim has prepared the following update on the market for general unsecured claims and a summary of recent rulings in the Yellow Corp. chapter 11 cases for creditors considering a sale of their claims. This summary is provided for general information purposes only and shall not be construed as legal or financial advice.
When a company owes you money and files for Chapter 11 bankruptcy, it can be confusing and concerning. This article breaks down what Chapter 11 is, why companies use it, and what it means for you as a claim holder. Understanding this process can help you set realistic expectations about recovering the money you are owed.
There is a lot going on and trying to keep up with it all is challenging. Here is your weekly run-down of what you need to know from the past week across the crypto bankruptcy industry.
In Chapter 11 bankruptcy, there are different types of creditors based on their legal status and priority of repayment.
If you're unlucky enough to be owed money by a bankrupt crypto platform, you're probably wondering how much you'll actually get back. Unfortunately, the amount you'll receive is usually less than what you're owed (also called the "face value"). This article explains the reasons why and how different factors impact your potential payback.
As a creditor in a Chapter 11 bankruptcy in the United States, you have a few options available to you. Here are some common things that we recommend you take as you navigate the bankruptcy process.
