SVB FINANCIAL GROUP Bankruptcy Filing
Case Number: 23-10367
SVB FINANCIAL GROUP filed a 11 chapter bankruptcy in the Southern District of New York bankruptcy court on March 17, 2023. This is a voluntary filing; it was assigned the bankruptcy case number #23-10367.
SVB FINANCIAL GROUP Filing Information
The bankruptcy petition for SVB FINANCIAL GROUP showed assets in the range of more than $1B with liabilities in the range of more than $1B. SVB FINANCIAL GROUP reports that the number of creditors is in the range of 1,000-5,000.
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'.
SVB FINANCIAL GROUP 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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SVB FINANCIAL GROUP Docket Header
MEGANY, MEGA, Lead, FeeDueAP, PENAP, CLMAGT, SchedF |
Southern District of New York (Manhattan)
Bankruptcy Petition #: 23-10367-mg
Assigned to: Judge Martin Glenn Chapter 11 Voluntary Asset |
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| Debtor SVB Financial Group 387 Park Ave S. New York, NY 10016 NEW YORK-NY Tax ID / EIN: 91-1962278 |
rep. by |
James L. Bromley
Sullivan & Cromwell LLP 125 Broad Street New York, NY 10004 212-558-4923 Email: bromleyj @ sullcrom.com Vincent Edward Lazar Jenner & Block LLP 353 N. Clark Street Chicago, IL 60654 (312) 923-2989 Fax : (312) 840-7389 Email: vlazar @ jenner.com Robert A Sacks Sullivan & Cromwell LLP 1888 Century Park East Suite 2100 Los Angeles, CA 90067 310-712-6600 Fax : 310-712-8800 Email: sacksr @ sullcrom.com |
| Liquidating Trustee SVB Financial Trust |
rep. by |
James L. Bromley
(See above for address) |
| U.S. Trustee United States Trustee Office of the United States Trustee - NY Alexander Hamilton Custom House One Bowling Green, Room 534 New York, NY 10004-1408 (212) 510-0500 |
rep. by |
Andrea Beth Schwartz
DOJ-Ust Alexander Hamilton U.S. Custom House One Bowling Green ., Room 534 New York, NY 10004 212-510-0500 Email: andrea.b.schwartz @ usdoj.gov Rachael Siegel DOJ-Ust Alexander Hamilton Customs House One Bowing Green Room 534 New York, NY 10004 212-510-0503 Email: rachael.e.siegel @ usdoj.gov Annie Wells DOJ-Ust Alexander Hamilton Custom House One Bowling Green Suite 511 New York, NY 10004 212-510-0500 Email: annie.wells @ usdoj.gov |
| Claims and Noticing Agent Kroll Restructuring Administration LLC Claims Agent (Formerly Prime Clerk LLC) 1 World Trade Center 31st Floor www.kroll.com New York, NY 10007 (212) 257-5450 |
rep. by |
Adam M. Adler
Kroll Restructuring Administration LLC (F/K/A Prime Clerk LLC) 850 Third Avenue Suite 412 Brooklyn, NY 11232 212-257-5465 Email: aadler @ primeclerk.com |
| Claims and Noticing Agent Kroll Restructuring Administration LLC (f/k/a Prime Clerk LLC) 1 World Trade Center 31st Floor New York, NY 10007 |
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| Liquidator Joint Official Liquidators of Silicon Valley Bank (Cayman Islands Branch) (in Official Liquidation) |
rep. by |
Warren E. Gluck
Holland & Knight LLP 787 Seventh Avenue, 31st Floor New York, NY 10019 212-513-3200 Email: warren.gluck @ hklaw.com |
| Creditor Committee Official Committee of Unsecured Creditors of SVB Financial Group |
rep. by |
James Savin
Akin Gump Strauss Hauer & Feld LLP One Bryant Park New York, NY 10036 212-872-1000 Email: jsavin @ akingump.com Seth Van Aalten Cole Schotz P.C. Cole Schotz P.C. 1325 Avenue of the Americas 19th Floor New York, NY 10019 646-563-8926 Email: svanaalten @ coleschotz.com David M. Zensky Akin Gump Strauss Hauer & Feld LLP One Bryant Park New York, NY 10036 212-872-1000 Fax : 212-872-1002 Email: dzensky @ akingump.com |
| Creditor Committee Efficiency and Conflicts Counsel to the Official Committee of Unsecured Creditors of SVB Financial Group |
rep. by | Seth Van Aalten
(See above for address) |