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FTX filing for chapter 11 bankruptcy in the United States John Ray III whoamp;#39;s the same person who oversaw the Enron bankruptcy is replacing Sam bacon fried as CEO joins now discusses Thomas Brazil managing partner at distressed corporate specialist 507 Capital Thomas great to have you so the FTX disasters trying to look a lot like the Enron of crypto but how is a non-us entity filing for bankruptcy in the United States uh happens all the time thanks for having me on uh it happens all the time probably the best course of action for creditors so Iamp;#39;m not sure why anyone would be upset by it but uh creditors usually formed and Bahamian uh insults is uh probably I hate to say it not equipped to handle such a large and complex bankruptcy with not only crypto but you know clearly thereamp;#39;s going to be lots of calls of action um so what is chapter 11 bankruptcy and howamp;#39;s it different from other forms of bankruptcy filings uh gosh oh thatamp;#39;s a big topic but u
