Celsius Creditor Committee: The customer can submit proof of claim against any debtor before April 28th

03/27/2023 03:38 • Blockchain Briefs • 134 views

According to reports, the Celsius Creditor Committee stated on social media that in a recent client claim ruling, Judge Glenn stated that clients can only file contractual claims in cryptocurrency against Celsius Network LLC, but Judge Glenn’s decision does not prevent clients from filing non-contractual claims against all debtors, such as fraud, negligent misrepresentation, or other statutory or common law claims. In view of this court ruling, the debtor has now reopened the deadline. The customer can provide proof of claim against any debtor based on the ruling before April 28th.

Celsius Creditor Committee: The customer can submit proof of claim against any debtor before April 28th

I. Introduction
A. Explanation of the recent ruling by Judge Glenn
II. Contractual Claims
A. Explanation of contractual claims and how they apply to Celsius Network LLC
B. The limits of filing contractual claims in cryptocurrency
III. Non-Contractual Claims
A. Explanation of non-contractual claims and how they apply to all debtors
B. Examples of non-contractual claims
IV. Reopening of Claim Deadline
A. Explanation of the deadline reopening
B. Deadline for filing claims
V. Conclusion
A. Summary of the key points
B. Importance of understanding the ruling and its implications
VI. FAQs
#Article
According to a recent announcement by the Celsius Creditor Committee, Judge Glenn has made a ruling that clients can only file contractual claims in cryptocurrency against Celsius Network LLC. However, this does not mean that clients cannot file non-contractual claims against all debtors for claims such as fraud, negligent representation or other statutory or common law claims.
This ruling has been of great significance to the Celsius Network LLC and its clients because it sets limits on how clients can file contract claims. This article will discuss the major highlights of the ruling and its implications for clients and the Celsius Network LLC.
##Contractual Claims
In the recent ruling by Judge Glenn, the court stated that clients can only file contractual claims against Celsius Network LLC in cryptocurrency. This means that the client must have entered into an agreement with Celsius Network LLC through the use of cryptocurrency. The ruling implies that clients have limited options when it comes to filing lawsuit claims, as it restricts their ability to file claims in traditional currency.
The ruling limits the scope of claims by clients, as it only covers claims made through cryptocurrency. The court’s decision hints that cryptocurrency could be seen as a means of payment or an asset that can support a contractual agreement.
##Non-Contractual Claims
Non-contractual claims are claims that cover a wide range of legal issues, including fraud, misrepresentation, and statutory or common law violations. Judge Glenn’s ruling allows clients to file non-contractual claims against all debtors, rather than just Celcius Network LLC.
This ruling means clients have other options and can bring claims based on non-contractual obligations. For instance, when a client is wronged by a debtor, he or she can bring legal action against them without needing to rely on a contract agreement. This means that legal rights are secured when there is no contract agreement, which is a positive development for clients.
##Reopening of Claim Deadline
Judge Glenn’s recent ruling has ramifications for clients who have yet to file a claim against any debtor. The ruling has prompted the debtor to reopen the deadline, meaning that clients can now provide proof of claim against any creditor based on the ruling before April 28th, 2022.
This is an excellent opportunity for clients who didn’t have the chance to file a claim initially. With this opportunity, clients can take advantage of the deadline reopening and ensure that they are heard in court and receive the compensation they deserve.
##Conclusion
In summary, Judge Glenn’s ruling has provided clarity on the scope of claims made by clients against Celsius Network LLC, as well as other debtors. Clients can file non-contractual claims against debtors without any limitations. Moreover, the deadline to file such claims has been reopened. It is vital for clients to understand the implications of the ruling to ensure that their rights are not limited.
##FAQs
Q: Can clients file claims against Celsius Network LLC in traditional currency?
A: No, clients can only file contractual claims in cryptocurrency.
Q: What kind of non-contractual claims can clients file against all debtors?
A: Clients can file non-contractual claims such as fraud, misrepresentation, and statutory or common law violations.
Q: When is the deadline for filing claims?
A: Clients can provide proof of claim against any debtor based on the ruling before April 28th, 2022.

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