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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…

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…

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…

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…

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…

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…

The court-appointed Examiner will rule on recommending CR to the court at the end of Feb. There is one sticking point our lawyer has highlighted: CR requires all creditors (fiat and BTC) to be treated equally, so the surplus must be shared out in a way that treats all creditors the same. But doing so…

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.…

The group has voted by a large margin to share the legal advice we have received. Sekido has provided the following advice. Below it are notes from the phone conversation I had with him: November 21, 2017 Dear Bitcoin Creditors: Mori Hamada & Matsumoto Mugi Sekido Dai Katagiri Naoki Shiraiwa PROPOSAL REGARDING BANKRUPTCY CASE CONCERNING…

DISCLAIMER: Our lawyer has reported back asking for more time (about 2 more weeks) to investigate options further. As such he hasn’t presented a formal legal opinion to us yet. I’m very happy to be able to share this information, (a large majority of the creditors in the group that paid for this advice, who…