Mt. Gox Trustee Extends Deadline for Rehabilitation Plan Submission

Mt. Gox Trustee Extends Deadline for Rehabilitation Plan Submission

It is not possible at this moment to make appropriate provisions in a rehabilitation plan on modifications of the rights of the rehabilitation claims, repayment methods, and appropriate measures for the undetermined rehabilitation claims and therefore to submit a rehabilitation plan. Roughly 24,000 creditors were purportedly affected, the exchange’s Rehabilitation Trustee Nobuaki Kobayashi filed a motion in a bid to extend the submission deadline of a rehabilitation plan at the Tokyo District Court.

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