Avenica’s bankruptcy case converted to Chapter 7
The Avenica Estate was converted from a Chapter 11 case to one under Chapter 7 of the Bankruptcy Code.
The Avenica Estate was converted from a Chapter 11 case to one under Chapter 7 of the Bankruptcy Code.
FSCS says it will take a few weeks to prepare the application process for AFX Markets compensation.
The adversary proceedings against AFX Capital brought by the Chapter 11 Trustee of Gallant Capital Markets face another delay.
Gallant Capital Markets’ financial difficulties were allegedly caused by a dispute with its main-counter party, AFX Capital Markets Ltd.