The United States Trustee in the Celsius bankruptcy case has raised objections against claims made by several parties asserting their “substantial contributions” to the bankruptcy proceedings of Celsius Network and its affiliates.
Celsius Network’s bankruptcy journey began in July 2022, when it filed for Chapter 11 protection, a move later followed by its affiliates. A key development was the substantive consolidation of the estates of Celsius Network Limited and Celsius Network LLC. This consolidation simplifies the proceedings by treating the separate legal entities as one for the bankruptcy case.
According to the Trustee, the claims made by eleven applicants for administrative expense status, based on their alleged substantial contributions to the case, lack merit. These claims, primarily related to professional fees and expenses, are considered self-serving and not in the broader interest of the creditor body.
These applicants, comprised of five ad hoc groups and six individu
We współpracy z: https://cryptoslate.com/us-trustee-challenges-5-million-claims-by-parties-in-celsius-bankruptcy-case/
