International Bankruptcy, Restructuring, True Crime and Appeals - Court Audio Recording Podcast – Détails, épisodes et analyse

Audio of the first hearing on the bankruptcy court record held on November 22, 2022 (following a chambers conference) in the FTX/Alameda et al. bankruptcy proceedings pending before the U.S. Bankruptcy Court for the District of Delaware under chapter 11 case number 22-11068.

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Audio of the hearing on the bankruptcy court record held on December 14, 2022 in the FTX/Alameda et al. bankruptcy proceedings pending before the U.S. Bankruptcy Court for the District of Delaware under chapter 11 case number 22-11068.

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MATTER GOING FORWARD

(DIP motion) Debtors’ Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to (A) Obtain Senior Secured Superpriority Postpetition Financing and (B) Use Cash Collateral, (II) Granting Liens and Superpriority Administrative Expense Claims, (III) Providing Adequate Protection to Prepetition Secured Parties, (IV) Modifying the Automatic Stay, (V) Scheduling a Final Hearing, and (VI) Granting Related Relief [Docket No. 463; 1/8/24]

For information about the chapter 11 bankruptcy proceedings see https://dm.epiq11.com/case/terraform/info

BBC article: Cryptocurrency firm Terraform Labs files for bankruptcy in US

22nd January 2024, 09:51 EST

https://www.bbc.com/news/technology-68055557

FTX/Alameda US bankruptcy court hearing January 31, 2024, #crypto #cryptocurrency #cryptonews #sbf

This is an exceptionally interesting bankruptcy court hearing in the complex international bankruptcy proceedings of FTX/Alameda.

It opens with the bankruptcy court's bench ruling with respect to certain issues concerning the estimation of the IRS claim against FTX/Alameda.

Does anyone knows... if the IRS wins that it has a multi billion dollar claim then couldn't that lead to the arguably statutorily mandated and arguably optimal result in the chapter 11 cases? In other words could an IRS win lead to return to customers of their stakes, then the rest of the cash, crypto etc. goes to the government/taxpayers, and what is left over would go to creditors with lower priority.

Possibly, optimally, the chapter 11 cases could be wrapped up from there without a lot of litigation hanging out on the back end like clawback litigation. But the various litigants and counsel representing them would know better what suits their interests and concerns etc.