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