In In re Rhodium Encore LLC, the U.S. Bankruptcy Court for the Southern District of Texas ruled that holders of SAFEs should be treated as creditors because they possess creditor claims, not merely equity interests. The...more
9/5/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Capital Raising ,
Chapter 11 ,
Commercial Bankruptcy ,
Contract Interpretation ,
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Creditors ,
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Debt Restructuring ,
Debtors ,
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Investment ,
Proof of Claims ,
SAFE
The Ninth Circuit became the first circuit-level court to address the correct rate of interest for unimpaired, unsecured creditors of a solvent chapter 11 debtor.
The Ninth Circuit held that the common law “solvent debtor...more
An Eleventh Circuit Court of Appeals’ decision permits a creditor both to be paid in full under Bankruptcy Code section 503(b)(9) for goods delivered within 20 days before commencement of a bankruptcy case, and to use the...more