Finance News – Creditors
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What would happen if Thames Water is temporarily renationalised?
Temporarily transferring ownership of Thames Water to the government could stabilize its finances by managing debts and investments while ensuring continued service for millions of...
Read Full Article →FTX fights back against 3AC’s ‘unreasonable and unsupportable’ $1.53B claim
FTX’s legal representatives have challenged a $1.53 billion demand by Three Arrows Capital, arguing that honoring this claim could significantly reduce the recoverable assets avail...
Read Full Article →FTX rejects 3AC’s $1.5B claim, citing ‘failed trading strategy’
FTX's legal team challenged Three Arrows Capital's $1.5 billion demand, contending that creditors should not bear responsibility for losses resulting from the firm’s high-risk inve...
Read Full Article →Former Celsius CEO Alex Mashinsky Forfeits All Claims to Bankruptcy Proceeds
By relinquishing his rights to any bankruptcy disbursements, the former CEO enables a greater allocation of available assets to be paid out to those owed money by the company.
Read Full Article →Thames Water must be held to account | Letters
The financial implications involve potential asset seizures from those benefiting financially through environmental harm, highlighting concerns about regulatory failures and priori...
Read Full Article →FTX users fight to unlock $2.2B in still-disputed bankruptcy claims
FTX creditors are seeking resolution on billions in contested claims, while several users experience difficulties completing identity verification procedures related to the ongoing...
Read Full Article →FTX continues to exclude Nigeria and China in remaining creditor repayments but includes Payoneer
By incorporating Payoneer as a payment channel while excluding Nigeria and China, FTX aims to diversify asset distribution and potentially enhance recovery options for eligible cre...
Read Full Article →Put Thames Water into temporary state control, ‘junior’ creditors will argue
The proposed £5 billion funding and significant debt reduction for Thames Water could impact bondholders financially, raising concerns about potential effects on future creditor ri...
Read Full Article →UK appoints specialist to recover crypto from bankruptcy cases
The UK Insolvency Service has engaged an expert with investigative experience to assist in retrieving digital assets for creditors involved in insolvencies and legal proceedings re...
Read Full Article →Thames Water creditors offer up £5bn as part of emergency turnaround plan
Thames Water’s creditors have proposed a substantial funding package intended to stabilize the company, but the regulator worries the plan may not reduce debt sufficiently to impro...
Read Full Article →Thames Water’s creditors are being too greedy | Nils Pratley
The group of lenders proposing a financial rescue for Thames Water is seeking significant concessions from regulators, highlighting the challenges involved in securing a viable tur...
Read Full Article →Thames Water bosses were set for £18.5mn before outcry over bonuses
Creditors have proposed a rescue plan involving a £3 billion equity injection and a 20 percent reduction in loan values, highlighting significant financial restructuring efforts am...
Read Full Article →A race against time: what now for Thames Water after rescue deal collapses?
The withdrawal of a major investment proposal has intensified financial uncertainty for the utility, prompting extensive creditor negotiations and increasing the likelihood of temp...
Read Full Article →Thames Water creditors line up McTighe to spearhead rescue deal
A leading restructuring expert is being considered to lead a complex financial turnaround for Thames Water following the withdrawal of its initial preferred investor in the multibi...
Read Full Article →FTX starts $5B payouts — Here’s what you need to know
FTX has initiated distributions totaling $5 billion to its creditors, a development that has generated discussions about potential impacts on the broader cryptocurrency market and...
Read Full Article →Genesis LOC files new lawsuits against DCG, Barry Silbert to recoup billions for creditors
Genesis Global has initiated legal action against DCG and its leadership, seeking to recover substantial funds for creditors following allegations of mismanagement that led to fina...
Read Full Article →FTX estate to start distributing more than $5B on May 30
FTX’s bankruptcy resolution plan involves distributing over $5 billion to creditors beginning May 30, marking significant progress toward recovering user assets following the excha...
Read Full Article →FTX creditors poised to receive $5B by May 30 in latest distribution round
The FTX Recovery Trust plans to allocate more than $5 billion to eligible claimants by the end of May, advancing the company's efforts to fulfill obligations under its reorganizati...
Read Full Article →FTX announces $5b second distribution to eligible creditors
FTX is set to initiate a significant $5 billion payout to qualified creditors, marking a notable progression in the ongoing asset recovery and redistribution process.
Read Full Article →FTX: FTX Recovery Trust to Distribute More Than $5B to Creditors in Second Distribution on May 30
The FTX Recovery Trust plans to transfer over $5 billion to creditors on May 30, marking the second installment aimed at reimbursing losses from the company’s collapse.
Read Full Article →Celsius’ Mashinsky lashes out at ‘death-in-prison sentence’
The sentencing outcome in this high-profile case could significantly impact investor confidence and regulatory scrutiny within the cryptocurrency lending industry, affecting market...
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