4 ms·

Why can he send letters to employees? He's not CEO anymore and the company is under Chapter 11.

• meee 4y ago
  IANAL but there are different types of bankruptcy. Some allow for continued operations and some require that you lock the doors, stop answering emails, don't touch the website, that type of thing. I'm not sure of the totality of what FTX has filed, but originally, they made a chapter 15 filing. That can lead to chapter 7 or 11. With chapter 11, you can continue doing some business. I don't know that they are going this route but it is possible to send a communication from a business in bankruptcy.
  • HWR_14 4y ago
    They currently have filed chapter 11.
  • KptMarchewa 4y ago
    Sure, but the point is that he's not CEO and associated with company anymore. >but originally, they made a chapter 15 filing No, it was made _later_ by Bahamas.
    • meee 4y ago
      Good point, I thought he just left the CEO position but looks like he completely resigned. In for a penny, in for a pound.
• warinukraine 4y ago
  Email.