Faraday Future (FF) founder and CPUO Jia Yueting had finally completed personal bankruptcy restructuring on May 21, Los Angeles local time, at a hearing in the District Court for the Central District of California.
The Shenzhen Stock Exchange has terminated the listing of Le.com, a company founded by the debt-ridden Jia Yueting.
Jia Yueting has made noticeable progress recently in his personal bankruptcy case as the creditor voting results have been officially announced.
Faraday Future's (FF) Global Partners Team recently released an open letter to its creditors, hoping they could vote in support of founder Jia Yueting’s bankruptcy and restructuring.
Jia Yueting released a statement after his Chapter 11 Disclosure Statement and the motion for approval of DIP Financing were approved.
Jia Yueting announced that the $600 million claim declaration amount is the joint guarantee debt of both his brother Jia Yuemin and himself.
On February 27, Faraday Future founder and former CEO Jia Yueting filed a "Plan Term Sheet" with the Bankruptcy Court for the Central District of California.
Gan Wei, Jia Yueting's wife initiated divorce proceedings and has filed a proof of claim in the amount of approximately $571 million, ever since Jia filed for bankruptcy back in October of 2019.
Faraday Future announced on January 8 that its FF91 model completed a 250-mile long-distance road test at the Consumer Electronics Show (CES), held annually in Las Vegas.
Breitfeld has already launched plans to enter China. He revealed that the purpose of his visit to Beijing was to find potential partners in China and establish joint ventures.
On November 25, a meeting was held regarding Faraday Future (FF) founder Jia Yueting’s debt at the FF headquarters in Los Angeles, California.
On November 25, Faraday Future headquarters will hold a creditors meeting to discuss the bankruptcy reorganization proposal put forth by the former CEO of the company, Jia Yueting.
Carsten Breitfeld, who led the development of the BMW i8 plug-in hybrid, landed the CEO role at Faraday Future (FF) two months ago.
Jia Yueting recently sent a letter to more than 100 creditors to assure them of his convictions to pay back all debts accumulated from his founding company, Leshi Holding Group
On October 14, reporters from Chinese media 21Tech met with the new global CEO, Carsten Breitfeld, in FF's Beijing office to discuss his vision for the company and Jia Yueting's bankruptcy announcement.