BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation Failed crypto hedge fund Three Arrows Capital’s (3AC) attempt to pursue a $284 million claim against crypto lender BlockFi was put into mediation by the U.S. bankruptcy judge overseeing BlockFi’s case.

Can you be a co-signer if you’ve filled bankruptcy in the past? (North California.) I was hoping to get my dad as a co-signer for an apartment as he’s been good with his payments lately (supposedly.) But he filed for bankruptcy before maybe over 3 years ago. Would that automatically disqualify him from being a co-signer for an apartment? I would appreciate any help and insight. submitted by /u/NMS_clvntng

Just found out my terminally ill 78 yr old FIL has 80k in credit card debt. Is bankruptcy an option? My 78-year-old FIL was diagnosed with stage IV lung cancer just a few months ago. We don’t know how much time he has left, but given his rapidly declining health, we are trying to prepare and arrange for the best possible care while he’s still with us. He has experienced numerous extreme ups and downs and has been in and out of the hospital twic…

$24 Million In Public Funds Meant To Save The Queen Mary Disappear In Bankruptcy Court The ongoing saga of the legendary cruise liner the Queen Mary has taken another turn. The ship has reopened, but as the Long Beach Post reports, millions of dollars in funds meant to repair the luxury liner have likely been lost as the city has dropped its bankruptcy case against the ship’s former operator. Read more…

Filing for bankruptcy to prepare for financial independence/FIRE I’m interested in financial independence and would like to start working towards it. Right now, I’m in $82,000 of unsecured debt and $20,000 of student loans. I currently work as a driver for a federal contractor, which is dependent on passing a security clearance, which is unlikely. So I will be looking for another job soon. I think my earning…

I have 20k in debt I talked to a personal lawyer who does bankruptcy and he said id lose my house if I filed bankruptcy, I make 1800 usd after takes house is paid off What do I do im struggling idk if can get a heloc on my house since my credits not great I make good money around here other thrn factory submitted by /u/chris_s9181

BlockFi Says It’s Taken Major Step Toward Emerging From Bankruptcy

Baltimore Archdiocese Files for Bankruptcy The nation’s oldest Catholic archdiocese made the move days before a new law goes into effect removing the statute of limitations on lawsuits from abuse victims.

FTX Bankruptcy Claims Soar in Value in Over-the-Counter Markets as Estate Recovers $7.3B The expected payout to FTX creditors has reached 37 cents on the dollar, the highest since the company’s bankruptcy filing in late 2022. One top distressed-debt investor describes FTX claims as the “hottest ticket in town.”

Mother is about to declare bankruptcy- what do I do? My mom is about to claim bankruptcy. She’s been financially illiterate and honestly a leach on society her entire life. She’s always depended on others giving her money like her dad who died 10 years ago. She’s 63, gets government benefits (but not enough it would seem), can’t/doesn’t work (disability and all the rules regarding how much you’re …

Buyer Still Paying $840 A Month For Dodge Charger A Year After Bankruptcy New and used vehicle prices are up, and so are car payments — including a lot of people OK with paying over a grand a month for a hunk of metal, and high interest rates aren’t helping. Yahoo Finance details how one man is stuck with a high payment for a Dodge Charger even after filing for bankruptcy. Read more…

Celsius’ Bankruptcy Nears End as Creditors Approve Reorganization Plan Bankrupt crypto lender Celsius’ creditors have voted to approve a plan that would return 67%-85% of holdings back to them.

Should I declare bankruptcy or ride it out? Hello personal finance, I’m in about 30k of debt and with my current salary of $20.00/hour it’s hard to keep up with the bills. My checking account often goes negative because of all of the bills. I’m wondering if I should declare bankruptcy or ride this out. I only ask if I should ride this out because of some upcoming situations. The first sit…

Bankruptcy on the Horizon Just wanting to get some advice, personal experiences regarding bankruptcy. I’ve started paying child support as a result of my divorce, which includes a few months of arrears payments. It ends up being about half my net income through Feb ’24. After arrears are paid about $700 less. I have about 80K in debt, in addition to a mortgage. My income…

FTX Bankruptcy Estate Sues Sam Bankman-Fried’s Parents, Joseph and Barbara, to Claw Back ‘Misappropriated Funds’ Allan Joseph Bankman and Barabara Fried, the parents of Sam Bankman-Fried, have been sued by the FTX bankruptcy estate.

Mother inherited business on the verge of bankruptcy and loans are tied to the house. Sorry for the long winded post and on mobile so formatting will probably be bad. My mother’s (74) husband died approximately three years ago. He owned his own business. Six months before he was diagnosed with cancer he began the process (and signed the contract) to rebrand the store as a national franchise in order to sell the business after the…

Should I declare Bankruptcy? 62, M, $70K debt. Had some recent health issues, unable to pay current bills. Some credit cards are willing to work out an extension/payment arrangement/waive late fee, etc., but some won’t. I now have a perfect credit payment history. If I’m unable to pay one of them, it will be reported as late to the credit bureaus, which takes 7 years to fal…

Gemini Blasts DCG and Genesis Bankruptcy Plan, Calling It ‘Misleading at Best’

Gemini Opposes Genesis Bankruptcy Plan: ‘Woefully Light on Specifics’ Attorneys for crypto exchange Gemini argued that a proposed resolution for Genesis’ bankruptcy doesn’t have enough detail or provide any assurances for some if its largest debtors in a new filing Wednesday.

Company filed for chapter 11 bankruptcy. What does this mean for me as an employee? I’ve been with the company for over 5 years done well and been paid well. I’m a manager in the company and I could tell it was going downhill and I have not enjoyed my last few years and been looking for something new anyways. How does filing chapter 11 bankruptcy affect employees? This was the final straw that is making me leave the company. I…