Bankruptcy & Restructuring News & Analysis

Bankruptcy & Restructuring News Headlines for Tuesday Feb 4, 2025

February 04, 2025

Here are the bankruptcy, distressed debt and corporate restructuring stories that we are reading this morning, Tuesday Feb 4, 2025.

Bankruptcy & Restructuring News Headlines for Monday Feb 3, 2025

February 03, 2025

Here are the bankruptcy, distressed debt and corporate restructuring stories that we are reading this morning, Monday Feb 3, 2025.

Nevada Copper Files Disclosure Statement and Liquidation Plan in Nevada Bankruptcy Court

February 02, 2025 • Conductor

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

February 02, 2025 • Conductor

Terraform Labs' Plan Administrator has proposed April 30, 2025, as the deadline for crypto investors to file loss claims from the Terra/UST collapse, requiring claims to stem from purchases before May 13, 2022. The Delaware bankruptcy court filing outlines detailed procedures for claim submissions through an online portal, with special provisions for evidence verification and claimant privacy protection.

Creditors' Committee Proposes Liquidation Plan for Utah Crypto Firm Power Block Coin

February 02, 2025 • Conductor

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.