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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…

Making a Plan 28/3/18

A lot has happened since the last update and I’m glad to finally have time to update the blog. Firstly the Examiner recommended the court approve CR. This is great news. However there are apparently some difficulties that he highlighted, which he left to the court to solve. The concern for us is that unless…

Update 26-Jan-18

Our lawyer is soliciting expert opinions from a scholar and judge to present to the examiner who is assessing if CR can be approved. The experts will hopefully give an opinion on how the two challenges mentioned in the last blog can be approached, in a way that legally allows for CR. The aim is…

Civil Rehabilitation update 16/12/17

DISCLAIMER: This blog entry has been prepared for general information purposes only to permit you to learn about MtGox Bankruptcy. The information presented is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice. Communication on this website does not create or constitute an attorney-client relationship.…