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Creditors meeting notes from 20 March 2019

I attended the meeting with a whispering translator, who is up to date with the case and did a great job, so I feel I understood the meeting well. There were about four creditors from the group who attended, and a few others creditors too. There were lots of lawyers too. One law firm sent…

Fundraising – Feb 2019

Six months ago I asked you for money to fund Mt Gox Legal up to the point of CR being confirmed and you generously delivered. Since then the Trustee has extended the deadline by two months, and we need funding to cover that extra time. The priorities I and the Governance Board are working on…

February News

February has brought two big pieces of news. 1 important, 1 trivial. Trivial first. Gox Rising / Gox Recovery have suggested a plan to pay to restart Mt Gox and give a share to creditors. That all sounds great on the surface, but the devil will be in the detail, which has been deafening by…

Missed the filing deadline?

UPDATED: 8/12/18 If you missed the deadline to file your claim, there may be three options which might benefit you. Firstly: It seems that people who managed to log in to the claim filing system before the deadline, but didn’t file a claim are being given a further month to file online. Secondly: If you…

Another creditors meeting

The next creditors meeting is due to be held after the CR plan has been submitted and approved by the court. [The CR plan lays out the process by which assets will be distributed to creditors.] We are concerned that this means the trustee can design and submit a CR plan without any formal process…

Self-Admission – Zombie Claims

At the last creditors meeting, the Trustee announced he would be allowing “Self-admission” claims. These are the claims in which the debtor (the trustee) admits to without the creditor making a claim. Our lawyer has been told there are an estimated 75,000 such claims. Many are worth just a few dollars. But in total, he…

Fundraising

We are now fundraising for legal fees to cover the final stage of securing a CR plan. Making a donation is entirely voluntary but I belive highly necessary to protect our interests. To hit our target, I recommend everyone in the group donates £1/BTC in their claim (minimum £10 GBP). You can do this with…

Update 23rd of July

Following advice from our lawyers, we are submitting the following document to the Trustee. It lays out the condition which we believe CR should fulfill. We hope to work with the Trustee, and all creditors, to create a workable CR plan over the coming months ahead of the deadline for CR plan submission to the…

Update 18/May/18

We originally calculated that the sale of the 16k coins that moved should be enough to cover all assets. While it’s regrettable that the court/trustee considers they need cash to cover all the assets before moving forward, we concluded there’s nothing we can do about it. We looked at ways to challenge it legally but…

Survey for Fukuoka-sensei

We are working in tandem with another legal bid to get CR approved by the court. The other legal team has asked us to help by submitting an opinion on CR commencement so he can include it with his submission to the trustee. Request for cooperatioin with a survey_180407 Our suggestion is to change the…