The DOJ warned U.S. Treuhänder rejects a preload application in the FTX insolvency case-

The DOJ warned U.S. Treuhänder rejects a preload application in the FTX insolvency case-
According to an application from FTX lawyers, FTX co-founder Sam Bankman-Fried (SBF) and members of his family, the US faithmaker appointed by the Ministry of Justice lodged an objection to the application. The U.S. Faithänder said that the application would duplicate the efforts of the independent examiner appointed by the federal government.
US trustee pleads for the limitation of double efforts in FTX bankruptcy examinations
About a week ago, lawyers represented FTX debtor appointed of the Ministry of Justice (DOJ) made a request for an appeal against the preload proposal. Andrew Vara, the US faithower in the FTX bankruptcy proceedings, was included in the procedure in December 2022. Vara argued in the objection that the lectures and surveys could be a waste of time and lead to double investigative efforts. Vara emphasized that the insolvency court had the "obligation to avoid unnecessary expenses in the management of a estate".
"To avoid duplication and unnecessary expenses in the management of these discounts, the US loyalty asks that the court, if it orders the appointment of an examiner, asks the scope of the rule in 2004 simultaneously with the area of application of the examiner", the facts of the US trustee. Vara's submission to the insolvency court comes to the conclusion:
Vara believes that the examiner is justified in this case, which is about a lot of money, and three members of the congress have requested an independent examiner. The senators Elizabeth Warren (D-Mass.), John Hickenlooper (D-Colo.) And Cynthia Lummis (R-Wyo.) Have asked judges John Dorsey from the Bankruptcy Court of Delaware to support the appointment of an independent examiner. The US senators insisted that an "objective examination of the activities that led to the collapse of FTX" was necessary.
What should you think the next step in the FTX bankruptcy case should be to ensure an objective and effective examination of the collapse of the company? Share your thoughts on this topic in the comment area below.
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