Creditors

FTX to Begin Paying Main Creditors Amid Ongoing Bankruptcy Proceedings

1 day ago

In a significant move for stakeholders of the beleaguered cryptocurrency exchange FTX, the company has announced plans to commence payments to its primary creditors in May. This development comes as part of FTX's efforts to navigate its complex bankruptcy proceedings following a tumultuous collapse that sent shockwaves through the crypto industry.

FTX Estate Initiates Cash Repayments to Creditors Amid Bankruptcy Proceedings

1 month ago

In a significant move for the beleaguered cryptocurrency exchange FTX, the estate managing its bankruptcy has commenced the process of repaying creditors in cash. This development marks a crucial step for those affected by the collapse of the exchange, which has been embroiled in legal and financial turmoil since its downfall.

Byju's Secures Legal Win as Court Permits US Lenders to Join Creditor Panel

2 months ago

In a significant legal development for Byju's, India's largest edtech firm, the Supreme Court has ruled in favor of adding American creditors to the company’s creditor panel. This decision comes at a critical time as Byju's navigates its complex financial landscape amid ongoing restructuring efforts and increasing pressures from a substantial debt burden.

Concerns Mount for Grover: German Startup Faces Potential Default Next Week

3 months ago

In a troubling turn of events, Grover, a Berlin-based startup that has made waves in the technology rental market, is reportedly on the brink of defaulting on its financial obligations. Investors and creditors are growing increasingly alarmed as deadlines loom for the company to meet its payment commitments. This potential default comes at a critical time for Grover, which had garnered attention for its innovative approach to technology leasing.

FinThrive's Restructuring Sparks Controversy Among Creditors

4 months ago

In recent developments, FinThrive, a prominent player in the healthcare technology sector, has initiated a refinancing process that has become a focal point of contention among its creditors. This strategic financial maneuver is viewed as an opportunity benefiting only a select group of stakeholders, raising questions about the fairness and implications for the broader creditor community.

Dish Network-DirectTV Merger Triggers a $1.6 Billion Creditors’ Revolt

6 months ago

In a dramatic turn of events that has sent shockwaves across the telecommunications sector, furious backlash by creditors over a possible merger of Dish Network with the television company DirectTV has been challenged. While many see this deal as groundbreaking, financial stakeholders who claim it will ensnare them into a $1.6 billion loss on the horizon have challenged the deal.