Money Cloud, the operator of Coin Cloud digital foreign money computerized teller machines (ATMs) in america and Brazil, filed for Chapter 11 chapter in U.S. Chapter Courtroom for the District of Nevada on Feb. 7.
In line with its submitting, the corporate has liabilities between $100 million and $500 million, with between 5,001 and 10,000 collectors and property between $50 million and $100 million. Money Cloud’s greatest creditor is Genesis International Capital, a subsidiary enterprise of Digital Foreign money Group’s bankrupt lending arm. It has an unsecured declare of over $108 million from Genesis, far outstripping the following largest claimant, which is owed over $8 million.
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