What is the benefit of filing for Chapter 11 bankruptcy

Question

Celsius Community

Liam

What is the benefit of filing for Chapter 11 bankruptcy

from the company's point of view?

0

14.07.2022

6 ответов

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Liam Автор вопроса

𒆜 .
its part of the restructuring , and they'll salvag...

I left the btc as collateral and got a loan, what would happen in this case?

0

14.07.2022

𒆜 .

Liam
I left the btc as collateral and got a loan, what ...

well ifyou dont repay the loan it'l be subtracted from the bitcoin . And if we get access to our funds you'll get the remaining bitcoin as far as I know

0

14.07.2022

Alejo Z

Liam
I left the btc as collateral and got a loan, what ...

If you don't deposit stablecoins or call/ email the Loans team, to close (repay) the loan at maturity time, part of the collateral will be liquidated to pay for your loan. The rest of the collateral will go to your Earn (or Custody) account.

0

14.07.2022

Liam Автор вопроса

Alejo Z
If you don't deposit stablecoins or call/ email th...

1.I have three years left until my loan expires, and if Celsius gives me the amount of damage before that (10-100%), can I get 10-100% after I pay off the loan? 2.I also have bitcoins deposited

0

14.07.2022

Alejo Z

Liam
1.I have three years left until my loan expires, a...

Oh, cannot reply that, sorry.

0

14.07.2022

𒆜 . · Accepted Answer

𒆜 .

its part of the restructuring , and they'll salvage what they can if anythings left

0

14.07.2022

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What is the benefit of filing for Chapter 11 bankruptcy

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