Analysis of Alameda and FTX Chapter 11 Bankruptcy Filing

November 11, 2022, 11:39AM EST

• 5 min read

Quick Take

  • November 11, 2022 Alameda files for Chapter 11 Bankruptcy Protection
  • Alameda estimates there will be funds left over to distribute to the more than 100,000 unsecured creditors 
  • $10 – $50bn estimated assets available for distribution 
  • $10 – $50bn estimated liabilities outstanding 
  • Led by John J Ray III, experienced restructuring officer and plan administration from the Enron, Overseas Shipholding and Nortel Networks situations 
  • Filing comes days after Binance’s proposed rescue falls through
  • This is an ongoing series from The Block Research covering Alameda & FTX’s insolvency and bankruptcy proceedings

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Source: https://www.theblockresearch.com/analysis-of-alameda-ftx-chapter-11-bankruptcy-filing-185945?utm_source=rss&utm_medium=rss