New Chapter 11 Filing – Cred Inc.
On November 7, 2020, Cred Inc., a California-based global financial services platform that provides business and retail credit and allows customers to earn a yield on more than 15 crypto and fiat currencies through its partner network, filed for relief under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 20-12836). Cred Inc. reports $50 million to $100 million in assets and $100 million to $500 million in liabilities. A link to the Cred, Inc. Chapter 11 petition can be found here & a link to the claims agent website can be found here.
Cole Schotz does not represent the Debtor in the case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor’s counsel.
Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.
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