Bankruptcy & Restructuring News & Analysis
Bankruptcy & Restructuring News Headlines for Tuesday Feb 4, 2025
Bankruptcy & Restructuring News Headlines for Monday Feb 3, 2025
Nevada Copper Files Disclosure Statement and Liquidation Plan in Nevada Bankruptcy Court
Nevada Copper Inc. has filed its disclosure statement and liquidation plan in Nevada bankruptcy court, detailing the proposed distribution of $125 million in sale proceeds and establishing a cash pool for unsecured creditors through a plan support agreement with major creditors. The plan follows the October 2024 sale of the company's assets to Southwest Critical Materials LLC.
Terraform Labs Seeks April 2025 Bar Date for Crypto Loss Claims in Delaware Bankruptcy
Creditors' Committee Proposes Liquidation Plan for Utah Crypto Firm Power Block Coin
The Official Committee of Unsecured Creditors of Power Block Coin has proposed a liquidation plan in Utah bankruptcy court, aiming to maximize value for creditors of the troubled cryptocurrency firm. The plan, filed by Greenberg Traurig, LLP, addresses over $192 million in claims and establishes an independent Liquidating Trust to manage the company's assets and potential legal claims.