Genesis GlobalRepresenting unsecured creditors in bankruptcy proceedings A seven-member committee was formed.
Digital Currency Group ( DCG ) subsidiary Genesis sensationally filed for Chapter 11 bankruptcy. Genesis, which stopped its withdrawals in the past months, could not escape from bankruptcy due to illiquidity and debt burden. DCG sought funding to bail out its subsidiary, but failed. A committee was formed to represent unsecured creditors in the Genesis bankruptcy case.
Genesis Bankruptcy Case: Creditors Committee Ready
Digital Currency Group ( DCG) subsidiary Genesis faces legal processes after filing for bankruptcy. The company will struggle with creditors and debt obligations.
Genesis Global A committee was formed to represent unsecured creditors in the US bankruptcy case. The committee assumed a seven-member system.
The unsecured creditors committee will be the voice for creditors during the trial. According to the file published yesterday, the committee US Board of Trusteesrepresentative William Harringtonappointed.
US Board of TrusteesIt stands out with its involvement in the US Department of Justice and representing the government in bankruptcy proceedings.