On September 17, 2024 (the "Petition Date"), Silvergate Capital Corporation and two affiliated debtors (collectively, 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. 24-12158 before the Honorable Karen B. Owens in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On November 13, 2025, the Bankruptcy Court confirmed the Debtors’ Chapter 11 Plan. The Chapter 11 Plan went effective on March 31, 2026.  The Notice of Effective Date was filed at Docket No. 1231 and is available HERE 

 

Click HERE to view the Debtors' Notice of Chapter 11 Bankruptcy Cases, filed at Docket No. 90.

 

For immediate information about the bankruptcy case, ask Stretto Conductor.  For additional information, call the case information line at 855.316.3507 (Toll-Free). You may also submit an inquiry via email by clicking HERE.

Debtors

Case No. Debtor Name
24-12157 Spring Valley Lots, LLC
24-12158 Silvergate Capital Corporation
24-12159 Silvergate Liquidation Corporation

Dates

Effective Date March 31, 2026

Omnibus Hearing April 24, 2026 (09:30 AM ET)

Omnibus Hearing June 16, 2026 (10:30 AM ET)

Meeting of Creditors

Pursuant to section 341 of the Bankruptcy Code, the Meeting of Creditors was held on October 17, 2024 at 1:00 p.m. (ET). The Meeting was held telephonically.

Professionals

Counsel for the Liquidating Trustee MILBANK LLP
POTTER ANDERSON & CORROON LLP

Debtors' Counsel CRAVATH, SWAINE & MOORE LLP
RICHARDS, LAYTON & FINGER, P.A.

Debtors' Financial Advisor ALIXPARTNERS, LLP

Court Information

United States Bankruptcy Court
District of Delaware

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