PETITION

PETITION

šŸ’„Celsius, BrršŸ’„

Another large crypto company collapses into Chapter 11

Jul 20, 2022
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Source: https://celsius.network/

ā€œThis is not a liquidation…all is not lost…our intent is for this to be a reorganization.ā€ — Patrick Nash, Partner at Kirkland & Ellis LLP representing the debtors.

On July 13, 2022, Celsius Network LLC and seven affiliates filed voluntary chapter 11 petitions in the Southern District of New York (Judge Glenn) — merely on…

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