{"id":19683,"date":"2021-04-15T09:02:07","date_gmt":"2021-04-15T14:02:07","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19683"},"modified":"2021-04-22T13:10:09","modified_gmt":"2021-04-22T18:10:09","slug":"northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/","title":{"rendered":"Northstar Financial Services (Bermuda) to Liquidate After Extension Request Denied"},"content":{"rendered":"<h2>Investors Can Still Pursue Damages from Bankoh, Truist, and Ocean Financial Services<\/h2>\n<p>The <a href=\"https:\/\/www.gov.bm\">Bermuda Supreme Court<\/a> has turned down a request by <a href=\"https:\/\/www.investorlawyers.com\/northstar-financial-services-bermuda.html\">Northstar Financial Services (Bermuda) Ltd.<\/a>\u2019s management asking for more time to pursue restructuring. Northstar had filed for Chapter 15 bankruptcy last year.<\/p>\n<p>The Court\u2019s ruling means that the company will be liquidated, with the proceeds going to creditors. Specifically, what this means for Northstar Financial Services (Bermuda) investors is that the Bermuda Supreme Court must approve such payments before they can be issued to them.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/\"  title=\"Continue Reading Northstar Financial Services (Bermuda) to Liquidate After Extension Request Denied\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors Can Still Pursue Damages from Bankoh, Truist, and Ocean Financial Services The Bermuda Supreme Court has turned down a request by Northstar Financial Services (Bermuda) Ltd.\u2019s management asking for more time to pursue restructuring. Northstar had filed for Chapter 15 bankruptcy last year. The Court\u2019s ruling means that the company will be liquidated, with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4530],"tags":[4531],"class_list":["post-19683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-northstar-financial-services","tag-northstar-financial-services-bermuda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northstar Financial Services (Bermuda) to Liquidate After Extension Request Denied &#8212; Investor Lawyers Blog &#8212; April 15, 2021<\/title>\n<meta name=\"description\" content=\"Contact our attorneys at SSEK Law Firm to discuss your Northstar Financial Services (Bermuda) losses today at 800-259-9010.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Northstar Financial Services (Bermuda) to Liquidate After Extension Request Denied &#8212; 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Investor Lawyers Blog &#8212; April 15, 2021","twitter_description":"Contact our attorneys at SSEK Law Firm to discuss your Northstar Financial Services (Bermuda) losses today at 800-259-9010.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/04\/Northstar-Financial-Services-Bermuda.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Northstar Financial Services (Bermuda) to Liquidate After Extension Request Denied","datePublished":"2021-04-15T14:02:07+00:00","dateModified":"2021-04-22T18:10:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/"},"wordCount":588,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/04\/Northstar-Financial-Services-Bermuda.jpg","keywords":["Northstar Financial Services (Bermuda)"],"articleSection":["Current Investigations","Northstar Financial Services"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/","url":"https:\/\/www.investorlawyers.com\/blog\/northstar-financial-services-bermuda-to-liquidate-after-extension-request-denied\/","name":"Northstar Financial Services (Bermuda) to Liquidate After Extension Request Denied &#8212; 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