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.
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.
The Harborside senior living facility has filed a motion seeking approval for an $80 million sale to SR HSG Acquisitions, marking a significant transformation from a continuing care retirement community to a rental-based model. The transaction aims to preserve residents' homes while addressing the facility's financial challenges.
CarePoint Health Systems Inc. has filed a motion in Delaware bankruptcy court to establish March 14, 2025, as the deadline for creditors to file claims in their Chapter 11 case. The healthcare provider is taking a cost-efficient approach to notifying potential claimants, opting for publication notices over individual mailings to former patients, potentially saving $300,000 in administrative costs.