SILVERGATE LIQUIDATION CORPORATION Bankruptcy Filing
Case Number: 24-12159
SILVERGATE LIQUIDATION CORPORATION filed a 11 chapter bankruptcy in the District of Delaware bankruptcy court on September 17, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-12159.
SILVERGATE LIQUIDATION CORPORATION Filing Information
SILVERGATE LIQUIDATION CORPORATION filed for Chapter 11 bankruptcy on September 17, 2024 (bankruptcy date), marking a significant development in its financial restructuring efforts. According to court records, the case number assigned to this filing is 24-12159. The Corporation, an organization type of corporation, has sought protection under the provisions of Bankruptcy Code Chapter 11, with Judge Karen B. Owens presiding over the case. Located at 4225 Executive Square, Suite 600 in La Jolla, CA (Debtor Address), the company will be required to undergo a structured financial reorganization as part of its plan to address its financial obligations. This bankruptcy filing marks an important step forward for SILVERGATE LIQUIDATION CORPORATION as it navigates this complex process to achieve long-term sustainability and growth.
SILVERGATE LIQUIDATION CORPORATION 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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SILVERGATE LIQUIDATION CORPORATION Docket Header
SealedDoc(s), CLMSAGNT, JNTADMN |
District of Delaware (Delaware)
Bankruptcy Petition #: 24-12159-KBO
Assigned to: Karen B. Owens Chapter 11 Voluntary Asset |
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| Debtor Silvergate Liquidation Corporation 4225 Executive Square Suite 600 La Jolla, CA 92037 SAN DIEGO-CA Tax ID / EIN: 33-0244449 aka Silvergate Bank |
rep. by |
Paul Noble Heath
Richards, Layton & Finger One Rodney Square 920 North King Street Wilmington, DE 19801 302-651-7700 Fax : 302-651-7701 Email: heath @ rlf.com Emily Rae Mathews Richards, Layton & Finger One Rodney Square 920 King Street Wilmington, DE 19801 302-651-7655 Email: mathews @ rlf.com Michael Joseph Merchant Richards Layton & Finger, P.A. One Rodney Square 920 North King Street Wilmington, DE 19801 usa 302-651-7700 Fax : 302-651-7701 Email: merchant @ rlf.com |
| U.S. Trustee U.S. Trustee Office of the United States Trustee J. Caleb Boggs Federal Building 844 King Street, Suite 2207 Lockbox 35 Wilmington, DE 19801 (302)-573-6491 |
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| Claims Agent Stretto www.stretto.com 410 Exchange, Ste 100 Irvine, CA 92602 855-812-6112 |