federal court

Bitwise Files for Bankruptcy in Delaware Federal Court – GV Wire

In a move anticipated since the financial collapse of the company, Fresno-based Bitwise Industries has filed for bankruptcy.

The Wednesday filing in a Delaware federal court seeks Chapter 7 bankruptcy protection for several Bitwise corporations — BW Industries Inc.; Bitwise Industries, Inc.; BWRD, LLC; Alpha Works Technologies, LLC; and Bruce’s Bagels, Beverages and Bites, LLC.

“The Companies do not have sufficient capital to maintain operations and the impact of the foregoing on such Company’s businesses,” the petition said.

The company lists $253 million in assets, most coming from its main company Bitwise Industries ($212 million).

906 Ventures, LLC, a Denver-based company, is listed as its top creditor at $10 million “plus unliquidated amounts.” The bankruptcy filing also lists 906 Ventures with a $15.5 million claim.

The filing lists accounts in six different banks, all with relatively small balances — none more than $223,000. However, there is an “unknown” balance at Central Valley Community Bank, and a negative balance ($2,700) at First Republic Bank.

On Wednesday, GV Wire reported that federal and state investigators are probing Bitwise’s financial collapse.

Bitwise’s Collapse

The goal of Bitwise, celebrating its 10th year, was to provide high-tech opportunities to underserved communities. Founded by locals Jake

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Zali Burrows sues herself into bankruptcy

Criminal lawyer Zali Burrows’ 12-year pursuit of her own lawyers over a $12,000 sum has pushed her to the brink of bankruptcy, which she is attempting to fend off with more legal action in the Federal Court.

Burrows, whose high-profile clients include former Auburn deputy mayor and convicted fraud Salim Mehajer, murderer and drug importer Bassam Hamzy and terrorist Hamdi Alqudsi, is appealing bankruptcy orders brought against her by Macpherson Kelley Lawyers on grounds including that the notice was not correctly served.

Criminal solicitor Zali Burrows is fighting bankruptcy proceedings brought by her former lawyers.

Criminal solicitor Zali Burrows is fighting bankruptcy proceedings brought by her former lawyers.Credit: Kate Geraghty

The origins of the dispute date back to a legal matter in 2011, since which time a judge of the NSW Court of Appeal has commented that the costs of pursuing the sum awarded in her favour have vastly exceeded the amount in issue. Macpherson Kelley, then known as M&K Sydney, advised Burrows in the 2011 proceedings, with the court making a costs order of $12,239.83 in her favour.

In November 2015, Burrows sued M&K Sydney and her former solicitor Melinda Di Condio in the NSW District Court, saying they had failed to enforce that costs order, with an additional claim of

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