Crypto Exchange Bankruptcies: Are Prepetition Crypto Withdrawals and DeFi Loan Repayments Avoidable Preferences?

Over the span of two weeks in July 2022, two of the largest retail-facing cryptocurrency platforms, Celsius and Voyager, filed for chapter 11 bankruptcy protection.

Filed under:
Global, USA, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, Blockchain, Bitcoin, Cryptocurrency, Uniform Commercial Code (USA)
Authors:
Theresa A. Foudy
Location:
Global, USA
Firm:
Morrison & Foerster LLP
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Recent Second Circuit decision holds that conducting a foreclosure sale upon a property after a tenant files for Bankruptcy violated the automatic stay

In New York, it is a standard practice to name all tenants residing in a building when foreclosing upon the property.

Filed under:
USA, Banking, Insolvency & Restructuring, Litigation, Real Estate, Morrison & Foerster LLP
Location:
USA
Firm:
Morrison & Foerster LLP
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