Bankruptcy Law News and Insights

Genesis Global's Chapter 11 filing on January 20th was little surprise to those closely following the cryptocurrency markets and after its decision to "pause" withdrawals in mid-November. Digital Currency Group, Inc. ("DCG"), the parent of Genesis Global Holdco LLC ("Genesis") and its largest borrower, is not part of the bankruptcy case and instead...

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TAKEAWAYS Many real estate investment vehicles are suffering from an "equity gap" in their capital structure due to inflation, higher interest rates, economic uncertainties and changing real estate usage. As a result, many properties with solid fundamentals are no longer financeable without an infusion of equity or equity-flavored debt. Lenders...

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The latest amendments to the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules") took effect on December 1, 2022. This collection of modifications may be broadly divided into two categories: (i) amendments and a new rule promulgated to account for the Small Business Reorganization Act of 2019 (the "SBRA"), and...

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