Chapter 11
Coverage of Chapter 11 in the Nexus archive.
- Judge allows clergy abuse claimants to sue for parish assets in Vermont Catholic bankruptcy case
A U.S. Bankruptcy Court judge in Vermont has allowed clergy abuse claimants to sue for parish assets, including an estimated $500 million in local parish holdings, as part of the Roman Catholic Diocese's bankruptcy reorganization. The diocese, which filed for Chapter 11 protection in 2024, faces potential litigation over parish assets placed in trusts, with claimants arguing these funds should cover abuse settlements.
- STORJ token falls 20% as decentralized storage firm files for Chapter 11 bankruptcy amid crypto shutdown wave
STORJ token dropped 19% to $0.06 following Storj Labs' voluntary Chapter 11 bankruptcy filing on July 26 to address legacy liabilities. The decentralized storage firm's filing occurs amid a broader crypto industry downturn.
- Cloud data firm Storj files for Chapter 11, extending a week of crypto failures. Token slides 16%
Cloud data firm Storj has filed for Chapter 11 bankruptcy, contributing to a week of crypto industry failures. The company's token experienced a 16% price decline.
- Storj files for bankruptcy, explores equity path for tokenholders
Storj, a decentralized storage provider, has filed for Chapter 11 bankruptcy while continuing its network operations. The company is exploring a court-approved ownership mechanism for STORJ tokenholders.
- Former bitcoin miner Poolin files Chapter 11, sets $52 million floor bid for Texas operations
Poolin Technology filed for Chapter 11 with $173 million in claims and announced a $52 million floor bid for its Texas mining operations.
- Lucid stock plunged on a bankruptcy report. The company called it false
Lucid stock dropped following a report by an EV blog claiming the company was considering Chapter 11 bankruptcy or going private based on advice from AlixPartners. Lucid denied the claims, calling the report false.
- EchoStar is preparing to file its satellite TV unit, Dish DBS, for bankruptcy
EchoStar is preparing to file its satellite TV unit, Dish DBS, for bankruptcy. The Chapter 11 filing could occur soon to restructure nearly $10 billion in Dish DBS debt.
- Court says it might dismiss Vermont Catholic diocese bankruptcy case if progress isn’t made soon
The Vermont Roman Catholic Diocese faces potential dismissal of its Chapter 11 bankruptcy case if a viable reorganization plan is not submitted soon. The diocese sold its South Burlington headquarters for $3.13 million and has spent over $2 million on legal fees, with remaining assets at $35 million after settling clergy misconduct claims.
- Bitcoin Depot stock crashes 71% premarket after Chapter 11 filing
Bitcoin Depot has filed for Chapter 11 in Texas and plans to sell assets and wind down its operations due to regulatory pressure. The company's stock crashed 71% premarket. Bitcoin Depot will shut down its Bitcoin ATM network.