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Nautical Solutions, L.L.C.
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January 13, 2023
Cryptocurrency debtors put billions of dollars in play this week as Voyager Digital Holdings got the nod for a $1 billion sale of assets and FTX Trading located $5 billion of its own assets. Over at the U.S. Supreme Court, the justices wrestled with Puerto Rican sovereignty in a case involving the island's fiscal board. This is the week in bankruptcy.
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January 10, 2023
Deepwater drilling rig services provider Nautical Solutions LLC has filed for Chapter 11 protection in Texas bankruptcy court, saying a prolonged downturn in the industry has left it unable to service its $651 million of debt.