Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>The founders of <keyword id="14273678" type="UNKNOWN" weightage="60" keywordseo="three-arrows" source="Orion">Three Arrows</keyword> Capital told Bloomberg are possibly setting up offices in <keyword id="6354539" type="UNKNOWN" weightage="60" keywordseo="dubai" source="Orion">Dubai</keyword>. </li><li>Earlier in July, liquidators said they could not locate the founders to facilitate bankruptcy proceedings. </li></ul>The founders of Three Arrows Capital, the defunct cryptocurrency hedge fund that filed for bankruptcy this month, are reportedly on their way to Dubai after liquidators said they'd been unable to locate them during bankruptcy proceedings. <a href="https://www.bloomberg.com/news/articles/2022-07-22/three-arrows-founders-en-route-to-dubai-describe-ltcm-moment">In an interview with Bloomberg</a>g, the pair described the stunning collapse of the firm "regrettable".<keyword id="14530329" type="UNKNOWN" weightage="60" keywordseo="kyle-davies" source="Orion">Kyle Davies</keyword> and <keyword id="14530330" type="UNKNOWN" weightage="60" keywordseo="zhu-su" source="Orion">Zhu Su</keyword> were in the spotlight this month after liquidators said they had apparently <a href="https://markets.businessinsider.com/news/currencies/three-arrows-3ac-founders-not-cooperating-liquidators-crypto-crash-bankruptcy-2022-7">abandoned their Singapore office</a> and were not giving "meaningful cooperation" in bankruptcy proceedings. The founders did not show up to an emergency court meeting and were reportedly unresponsive in a scheduled Zoom call.But the pair finally reappeared, and a lawyer representing the two disclosed that the founders were currently en-route to the United Arab Emirates, <a href="https://www.bloomberg.com/news/articles/2022-07-22/three-arrows-founders-en-route-to-dubai-describe-ltcm-moment#xj4y7vzkg">Bloomberg reported</a>. Davies and Su have previously expressed plans of relaunching their business in Dubai, due to crypto's popularity in the area and the relaxed regulation compared to <keyword id="11895291" type="UNKNOWN" weightage="60" keywordseo="singapore" source="Orion">Singapore</keyword>. "The whole situation is regrettable," Davies said in the interview with Bloomberg, while the two acknowledged that heavy use of leverage and the firm's proximity to the bankrupt crypto firm Terra led to their downfall.The company currently owes $2.8 billion to various creditors and investors, according to a court document made public on Monday, and the firm already defaulted on a <a href="https://markets.businessinsider.com/news/stocks/voyager-digital-issues-notice-of-default-to-three-arrows-capital-11480046">$670 million loan from Voyager</a> Digital. Those losses led to subsequent bankruptcies of <a href="https://markets.businessinsider.com/news/currencies/crypto-voyager-digital-bankruptcy-protection-filing-bitcoin-loan-prices-trading-2022-7">Voyager and other firms exposed to the hedge fund.</a>But the two founders dodged questions on the impact their firm has had on the wider space, the report said, with Davies and Su focusing instead on the fact that "they suffered deep losses" themselves. Su said they'd been on the receiving end of death threats since the firm's troubles were made public. He also brushed off an accusation by a creditor in court documents that he and Davies used $50 million of company assets as down payment for a luxury yacht, arguing that the yacht was purchased over a year ago and was fully transparent in the company's records."This is kind of smearing of us, I feel, is just a classic playbook of, you know, when this stuff happens, when funds blow up, then you know, these are the kind of headlines that people like to play," Su said to Bloomberg.Although an official with the DFSA, Dubai's financial regulator, said that Three Arrows had <a href="https://www.coindesk.com/business/2022/06/24/dubai-regulator-three-arrows-capital-isnt-registered-here/">not gotten approval to operate in Dubai</a> as of June, Su explained the two were visiting to "assess whether we move there as originally planned or if the future holds something different for us." "We feel that it's just the interest for everyone if we can be physically secured and keep a low profile," he added.

The missing founders of bankrupt crypto fund Three Arrows are reportedly setting up shop in Dubai, and describe the high-profile collapse of the firm as 'regrettable'

<ul class="summary-list"><li><keyword id="11899436" type="UNKNOWN" weightage="60" keywordseo="tom-girardi" source="Orion">Tom Girardi</keyword>'s former law firm owes $101 million in debt, according to a recent court filing.</li><li>Also listed in the docs is the $25 million given to "RHOB" star <keyword id="11899432" type="UNKNOWN" weightage="60" keywordseo="erika-jayne" source="Orion">Erika Jayne</keyword>'s company.</li><li>Jayne has said she didn't know her estranged husband gave her $20 million in loans from his law firm.</li></ul>Tom Girardi's former law firm, Girardi Keese, is more than $100 million in debt.According to a new bankruptcy filing obtained Thursday by Insider, the total liabilities for the firm totals at over $101 million, with total assets in personal property listed at more than $4.1 million.Along with other debts, also listed in the filing is the $25 million given to EJ Global, the <keyword id="11896019" type="UNKNOWN" weightage="100" keywordseo="entertainment" source="Orion">entertainment</keyword> company owned by Girardi's estranged wife and "<keyword id="11957120" type="UNKNOWN" weightage="60" keywordseo="the-real-housewives-of-beverly-hills" source="Orion">The Real Housewives of Beverly Hills</keyword>" star. Erika Jayne.<a href="https://people.com/tv/erika-girardi-accused-of-using-her-notoriety-to-hide-assets/"></a>The new filing also noted that the trustee handling Girardi Keese's Chapter 7 bankruptcy case didn't list "all of the debtor's causes of action or potential causes of action against third-parties as assets," which means the "actual total may be different than the listed total."Girardi's conservator, his brother Robert Girardi, and his former law firm did not immediately respond to Insider's request for comment.As previously reported by Insider's Anneta Konstantinides, Jayne claimed during a <a href="https://www.insider.com/erika-jayne-20-million-dollar-loan-tom-girardi-response-2021-8" target="_blank" rel="noopener noreferrer">recent episode of "The Real Housewives of Beverly Hills"</a> that she was unaware that her estranged husband gave her $20 million in loans from his law firm."I was kept away from the books," she said when questioned by costars.Jayne filed for divorce from Girardi in November 2020 after 21 years of marriage, citing "irreconcilable differences."After the reality star filed for divorce, Girardi was accused of <a href="https://www.insider.com/real-housewives-erika-jayne-tom-girardi-divorce-legal-trouble-timeline-2021-4">embezzling $2 million from "widows and children" </a>of a 2018 plane crash. <a href="https://www.insider.com/real-housewives-stars-divorce-is-a-sham-new-lawsuit-claims-2020-12">As previously reported by Insider</a>, a lawsuit said the divorce was a "sham" to hide embezzled money, which Jayne has repeatedly denied.In previous episodes of "Real Housewives," Jayne said the famed personal-injury attorney's personality "completely changed" <a href="https://www.insider.com/erika-jayne-tom-girardi-changed-after-car-accident-2021-8" target="_blank" rel="noopener noreferrer">after he drove off a cliff in 2017</a> and was unconscious for 12 hours. "I think what has happened to Tom here is that he's not mentally capable, and he's in sole control of his firm," Jayne said. "I think that we're dealing with is a man who is diminished capacity in control, and not doing the right thing. Because if he stole the money, I'd like to know where it is. You know, that's the truth."According to a sworn declaration submitted to the court, a psychiatrist <a href="https://www.insider.com/real-housewives-erika-jayne-tom-girardi-divorce-legal-trouble-timeline-2021-4#january-20-2021-girardis-brother-robert-asks-to-be-named-his-conservator-claiming-girardi-cannot-care-for-himself-without-assistance-6" target="_blank" rel="noopener noreferrer">diagnosed Girardi with dementia and late-onset Alzheimer's disease</a> earlier this year.

Tom Girardi's law firm owes $101 million in debt, according to new court documents

Facebook/Rue21Teen clothing retailer Rue 21 has filed for Chapter 11 bankruptcy protection. The company <a href="http://www.rue21.com/store/jump/static/Press-Room/23400001">said Tuesday</a> that it has entered into agreements with lenders to reduce the company's debt and provide additional capital in support of a restructuring.Rue21, which has 1,179 stores across the US, will continue operating its stores during the bankrutpcy proceedings. The retailer started closing 400 stores last month, and said it is considering additional closures beyond those 400. The company listed its assets and liabilities in the range of $1 billion and $10 billion."These actions are being undertaken with the goal of strengthening the Company's balance sheet, achieving a more efficient cost structure, and concentrating resources on a tighter retail footprint in order to pave the best path forward for Rue21," CEO Melanie Cox wrote in a statement.With the filing, Rue21 joins a long list of other retailers that have filed for bankrtupcy this year, including Payless ShoeSource, hhgregg, The Limited, RadioShack, BCBG, Wet Seal, Gormans, Eastern Outfitters, and Gander Mountain.More retailers <a href="http://www.businessinsider.com/retailers-are-going-bankrupt-at-a-staggering-rate-2017-4">have filed for bankruptcy this year than throughout all of last year.</a><h3>More from Hayley Peterson:</h3><ul><li><a href="http://www.businessinsider.com/rue21-files-for-bankruptcy-2017-5" rel="nofollow">Another retailer has filed for bankruptcy</a></li><li><a href="http://www.businessinsider.com/sears-ceo-feuds-with-one-world-tool-supplier-2017-5" rel="nofollow">Sears tanks after CEO eviscerates top tool vendor he says is trying to cancel its contract (SHLD)</a></li><li><a href="http://www.businessinsider.com/the-first-mcdonalds-burger-stand-2017-5" rel="nofollow">The first McDonald's opened 77 years ago today - here's what it was like</a></li><li><a href="http://www.businessinsider.com/list-of-sears-and-kmart-stores-closing-2017-5" rel="nofollow">Sears is quietly closing more stores than it said it would - here's the list (SHLD)</a></li><li><a href="http://www.businessinsider.com/chick-fil-a-launches-new-barbecue-bacon-sandwich-2017-5" rel="nofollow">Chick-fil-A is launching a sandwich that's like nothing on the menu</a></li></ul> <h3>NOW WATCH: <a href="http://www.businessinsider.com/why-dairy-queen-blizzards-served-upside-down-2017-5">Here's why Dairy Queen Blizzards are served upside down</a></h3> Please enable Javascript to watch this video

You Searched For "bankrtupcy" and got 3 results

The missing founders of bankrupt crypto fund Three Arrows are reportedly setting up shop in Dubai, and describe the high-profile collapse of the firm as 'regrettable'

Jennifer Sor

Tom Girardi's law firm owes $101 million in debt, according to new court documents

Yasmin Garaad

Another retailer has filed for bankruptcy

Hayley Peterson

Popular Keywords

Buying Guides