A couple with Celsius corporate accounts filed a motion to obtain a second claim from the bankruptcy code because they and other creditors allegedly had a 35 percent reduction in claims compared to non-corporate accounts. The motion was filed on June 3 and will reportedly be considered at a hearing on June 27.
According to the filing, four companies, BFaller RD, BFaller ROTH RD, SFaller TRD RD, and SFaller RD (collectively known as "Faller Creditors"), are seeking an order to approve further distributions under Celsius' bankruptcy plan.
The filing says the four IRA accounts held more than $1 million worth of cryptocurrency before the platform's bankruptcy filing date. That amount was reduced to $634,337.93 worth of bitcoin under the negotiated bankruptcy plan.
Celsius creditors claim 35% reduction in claims and seek a second claim
2024-06-25 13:32:37
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