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
