BLOCKFI INC. Bankruptcy Filing
Case Number: 22-19361
BLOCKFI INC. filed a 11 chapter bankruptcy in the District of New Jersey bankruptcy court on November 28, 2022. This is a voluntary filing; it was assigned the bankruptcy case number #22-19361.
BLOCKFI INC. Filing Information
The bankruptcy petition for BLOCKFI INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. BLOCKFI INC. reports that the number of creditors is in the range of more than 100,000.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
BLOCKFI INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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BLOCKFI INC. Docket Header
LEAD, JNTADMN, CLMAGT, EXTOBDIS, CONFIRMED |
District of New Jersey (Trenton)
Bankruptcy Petition #: 22-19361-MBK
Assigned to: Chief Judge Michael B. Kaplan Chapter 11 Voluntary Asset |
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| Debtor BlockFi Inc. c/o M3 Partners 1700 Broadway, 19th Floor New York, NY 10019 HUDSON-NJ Tax ID / EIN: 82-2390015 |
rep. by |
Richard Kanowitz
Haynes and Boone, LLP 30 Rockefeller Plaza 26th Floor New York, NY 10112 212-918-8971 Email: richard.kanowitz @ haynesboone.com Michael D. Sirota Cole Schotz P.C. 25 Main St. Hackensack, NJ 07601 (201) 489-3000 Email: msirota @ coleschotz.com Warren A. Usatine Cole Schotz P.C. 25 Main Street PO Box 800 Hackensack, NJ 07602-0800 (201) 489-3000 Email: wusatine @ coleschotz.com Felice R. Yudkin Cole Schotz P.C. 25 Main Street Hackensack, NJ 07602 (201) 489-3000 Email: fyudkin @ coleschotz.com |
| U.S. Trustee U.S. Trustee US Dept of Justice Office of the US Trustee One Newark Center Ste 2100 Newark, NJ 07102 (973) 645-3014 |
rep. by |
Lauren Bielskie
DOJ-Ust One Newark Center Suite 2100 Newark, NJ 07102 973-645-2939 Email: lauren.bielskie @ usdoj.gov Jeffrey M. Sponder Office of U.S. Trustee One Newark Center Newark, NJ 07102 973-645-2379 Email: jeffrey.m.sponder @ usdoj.gov |
| Creditor Committee Official Committee of Unsecured Creditors |
rep. by |
David J. Adler
McCarter & English, LLP Four Gateway Center 100 Mulberry St Newark, NJ 07102 (973) 622-4444 Fax : (973) 624-7070 Email: DAdler @ McCarter.com Kenneth Aulet Brown Rudnick LLP 7 Times Square New York, NY 10036 212-209-4950 Email: kaulet @ brownrudnick.com Lisa Bonsall McCarter & English, LLP Four Gateway Center 100 Mulberry Street Newark, NJ 07102 (973) 639-2066 Email: lbonsall @ mccarter.com Donald W Clarke Genova Burns LLC 110 Allen Road Ste 304 Basking Ridge, NJ 07920 973-467-2700 Email: dclarke @ genovaburns.com Gregory S. Kinoian Genova Burns LLC 494 Broad Street Newark, NJ 07102 973-646-3284 Fax : 973-533-1112 Email: gkinoian @ genovaburns.com Stephen D Palley Brown Rudnick LLP 601 Thirteenth Street NW Washington, DC 20005 Joseph R. Scholz McCarter English, LLP 825 Eighth Avenue 31st Floor New York, NY 10019 (973) 639-6999 Email: jscholz @ mccarter.com Bennett S Silverberg Brown Rudnick LLP 7 Times Square New York, NY 10036 Robert J Stark Brown Rudnick LLP 7 Times Square New York, NY 10036 Daniel Stolz Genova Burns LLC 110 Allen Road Suite 304 Ste 304 Basking Ridge, NJ 07920 973-467-2700 Email: dstolz @ genovaburns.com |
| Creditor Committee McCarter & English, LLP Four Gateway Center 100 Mulberry Street Newark, NJ 07102 973-622-4444 |
rep. by | David J. Adler
(See above for address) |