Like many when Celsius first went bankrupt, Rohit did not know he could sell his claim.
There is a lot going on and trying to keep up with it all is challenging. Here is your weekly run-down of what you need to know from the past week across the crypto bankruptcy industry.
Like many when Celsius first went bankrupt, Cale was not aware of any other options, other than to wait.
Like many account holders that are owed money across the crypto bankruptcies, Michelle did not know what it meant to have a bankruptcy claim against FTX or that value that was sitting behind it…until she found Xclaim.
When Meggan heard that FTX was going bankrupt she went into shock. Being completely new to the bankruptcy process, she was unaware of what her options were and what it meant to be a creditor.
As a creditor in a Chapter 11 bankruptcy in the United States, you have a few options available to you. Here are some common things that we recommend you take as you navigate the bankruptcy process.
When Voyager filed bankruptcy, Michael went into a state of shock and couldn't believe that what happened to Celsius was going to happen to him. Michael, like many, was using his Voyager account for retirement and contributing to it regularly. Not being able to access his funds that he had been building for years created a state of panic.
When Justin found out #Celsius filed for bankruptcy, he like many other account holders did not know you could sell a claim. Needless to say he was excited when he came across #Xclaim, especially after the stress and mental exhaustion from keeping up with the case.
Filippo is not a typical creditor that we see. Unlike most, he has held a claim in a previous bankruptcy. The claim that he holds from a 2018 bankruptcy is still going through the legal process, he has yet to recover any funds more than five years later, with no change in sight. While equally as upset as he was from the first time around, with FTX he took a different approach.
