On November 7, 2020 (the "Petition Date"), Cred Inc. and four affiliated debtors (together, the "Debtors") filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The Debtors' bankruptcy cases are jointly administered under case no. 20-12836 and are pending before the Honorable Karen B. Owens in the United States Bankruptcy Court for the District of Delaware.

Please review the Frequently Asked Questions HERE.

You can access the Liquidation Trust information request website at https://www.credtrustcp.com. The deadline to submit responses to the Liquidation Trust was May 14, 2025.

Key Dates and Deadlines

Stage 1: until August 15, 2025

•    August 15, 2025, deadline for:
•    All creditors to complete, sign, and submit the Tax Forms at https://www.credtrustcp.com
•    Crypto creditors to log into https://www.credtrustcp.com and select their preferred cryptocurrency

Stage 2: August 18, 2025 to September 29, 2025

•    August 18, 2025 https://bitgo.com/credinc opens for crypto creditors to register and complete signup process, including KYC with deadline of September 29, 2025

Stage 3: after September 29, 2025

•    Shortly after September 29, 2025 rebalancing takes place

Stage 4: after rebalancing

•    Shortly after rebalancing distributions take place

 

Debtors

Case No. Debtor Name
20-12836 Cred Inc.
20-12837 Cred (US) LLC
20-12838 Cred Capital, Inc.
20-12839 Cred Merchant Solutions LLC
20-12840 Cred (Puerto Rico) LLC

Dates

Effective Date April 19, 2021

Election Deadline [Extended] May 14, 2025 (11:59 PM PT)

Distribution Materials Deadline August 15, 2025 (11:59 PM PT)

Meeting of Creditors

Pursuant to section 341 of the Bankruptcy Code, the Meeting of Creditors was held on December 17, 2020 at 2:00 PM (EST) via Teleconference.

Professionals

Counsel for the Liquidating Trustee McDermott Will & Schulte LLP

Court Information

United States Bankruptcy Court
District of Delaware

824 Market Street North, 3rd Floor
Wilmington, DE 19801
302.252.2900