 | | Featured Premium Content | | | | | Debtwire: 23andMe Bankruptcy Sale Raises Questions of Who Owns Your Genetic Data
Human genomics and telehealth company 23andMe recently filed for bankruptcy protection in the Eastern District of Missouri. The company says that it intends to use chapter 11 to run a sale process for its assets. This has raised concerns about the identity of the eventual buyer and the uses to which they might put the company’s vast database of customers’ genetic information, according to a Debtwire legal analysis. Indeed, out of concern for what might happen to the data, the attorney generals and other state offices of at least 28 states[1] have issued press releases or alerts reminding customers of their rights to delete their data or even encouraging such action. READ MORE | | | | | SPONSORED CONTENTPrivate Credit and BSLs: Friends or Foes?With private credit and broadly syndicated loans (BSLs) competing for dominance, the lending landscape is in flux. But can these markets ultimately work hand in hand? SRS Acquiom, in partnership with Debtwire, surveyed 200 senior executives from alternative asset management firms across Europe and the U.S. to uncover the true dynamics of these two critical markets. Download the Report | | |  | | Editor's Picks | | | | | March Commercial Chapter 11s Increase 20 Percent from Previous Year
Commercial chapter 11 bankruptcy filings increased 20 percent in March 2025, with filings climbing to 733 from the 611 filings registered in March 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total March commercial filings increased 10 percent to 2,727 from the 2,477 commercial filings the previous year. Small business filings, captured as subchapter V elections within chapter 11, decreased 1 percent in March 2025, to 196 from the 198 filings recorded in March 2024. READ MORE | | New Crypto ‘Stablecoin’ Rules Take Shape, But the Biggest May Be Left Out
Lawmakers are taking their first step toward putting up guardrails for cryptocurrencies. But as legislation goes, it’s a relatively modest step — and some former regulators warn that the guardrails have big gaps, the Washington Post reported. The framework, which the House Financial Services Committee took up yesterday, would only apply to stablecoins, a type of cryptocurrency designed to hold a steady value, usually of $1. And the bulk of the legislation would not apply to Tether, the issuer of the world’s largest stablecoin, which has ties to Commerce Secretary Howard Lutnick. READ MORE | | BlockFi Appeals to Creditors to Come Forward and Claim Bankruptcy Distributions
Less than half of non-U.S. customers of bankrupt cryptocurrency lending firm BlockFi have come forward to claim their assets back with a May 15 deadline looming, the lender said in a blogpost on Wednesday, CoinDesk.com reported. BlockFi filed for bankruptcy in November of 2022 as contagion from the collapse of FTX spread through the crypto industry. The firm later emerged from bankruptcy and announced a plan in July of 2024 to distribute 100% of the dollar value of customers’ claims at the time of the bankruptcy filing. READ MORE
MORE NEWS BELOW | | |  | | Upcoming Events | | | | | ABI Annual Spring Meeting Marriott Marquis
April 24-26 | Washington, D.C. | | ABI International Latin America Symposium Charleston Santa Teresa Cartagena
May 12-14 | Cartagena, Colombia | | | | |  | | Daily Roundup | | | | | Venezuela Bondholders Find Path to Repayment in Citgo Auction
A group of Venezuela bondholders have found a path to be repaid through the auction of the country’s U.S.-based oil refiner, Citgo Petroleum, and potentially avoid the risk of a separate adverse court ruling, WSJ Pro Bankruptcy reported. The leading bid for Citgo’s U.S. holding company would give holders of $1.7 billion in bonds issued by its ultimate parent company, state-owned Petróleos de Venezuela SA, the ability to swap out their defaulted debt for new bonds and convertible notes backed by Citgo’s assets. READ MORE | | Father And Son Executives Charged With Defrauding Sports Park Bondholders
Matthew Podolsky, the Acting United States Attorney for the Southern District of New York, and Christopher G. Raia, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation, announced yesterday the unsealing of an indictment charging Randy Miller, former Chairman and President of Legacy Sports, and his son, Chad Miller, former CEO of Legacy Sports, with engaging in a scheme to defraud investors of more than $280 million in two municipal bond offerings. The case has been assigned to U.S. District Judge Lewis A. Kaplan. READ MORE | | Sickles Market Sets Little Silver Reopening with New Name as It Emerges from Bankruptcy
The former Sickles Market, the landmark specialty grocery in New Jersey, will reopen with a new owner and a new name, the Asbury Park Press reported. Now called The Market at Sickles Farm, the garden center will open in May, with the full market and cafe expected to open in July, the investor group said yesterday. The opening comes after Sickles Market, a storied Monmouth County family business, closed in March 2024. Its owner, Bob Sickles Jr., filed for bankruptcy protection in May as did AHS Realty LLC, his business which holds the land of the Little Silver store and his Rumson home. READ MORE | | Trump Stokes Trade War as World Reels from Tariff Shock
President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances, Reuters reported. Trump said he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, hammering goods from premium Italian coffee and Japanese whisky to sportswear made in Asia. READ MORE | | | | |
