Chapter 11 News

Consultants overseeing the liquidation of Celsius Network LLC have demanded a return of $2 billion from significant clients.

A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed Chapter 11 reorganization plan and accompanying statement until all materials are formally authorized.

Zovio Inc. was bleeding funds and facing a crippling court setback this year when Jon Henes, a senior restructuring lawyer now in public relations and whose biggest client is insolvent crypto lender Celsius Network, stepped on the scene. But this…