MtGox Rehabilitation Trustee aims to convince Court to extend period for acceptance of claims

Maria Nikolova

The Rehabilitation Trustee will make efforts to request the Court to accept proofs of rehabilitation claims received by December 26, 2018.

Nobuaki Kobayashi, the Rehabilitation Trustee of ill-fated Bitcoin exchange MtGox, has earlier today posted an announcement regarding the handling of proofs of rehabilitation claims.

The period for filing proofs of rehabilitation claims in the civil rehabilitation proceedings for MtGox ended on October 22, 2018.

However, if filings are delayed for reasons not attributable to creditors, proofs of rehabilitation claims filed after the deadline (i.e., October 22, 2018) may be acceptable, the Trustee explains.

He notes that the Court will decide whether proofs of rehabilitation claims filed after the deadline will be accepted. Considering that creditors in the Civil Rehabilitation Proceedings are located worldwide, and that a certain period of time is required for proofs of rehabilitation claim forms to be delivered, among other factors, the Rehabilitation Trustee will make efforts to request the court to accept proofs of rehabilitation claims received by December 26, 2018.

Accordingly, users of the MTGOX Bitcoin Exchange or other creditors of MTGOX who have not yet filed their proof of rehabilitation claim are advised to ensure to file a proof of rehabilitation claim by December 26, 2018 (Japan time).

The online filing system for rehabilitation claims is still accessible.

Let’s recall that, in September this year, Nobuaki Kobayashi tried to calm down claimants over the slow procedures. Some claimants have been worried that they have sent a proof of rehabilitation claim form/a form of amendment to proof of rehabilitation claim by the Offline Method, to the Office of the Rehabilitation Trustee, but they have not received a notice of receipt yet. They wonder when they might receive a confirmation of receipt. Concerns about any disadvantage compared to other creditors due to the delay in receiving the confirmation of receipt have also been voiced.

Back then, Nobuaki Kobayashi explained that the Office of the Rehabilitation Trustee was receiving a large volume of rehabilitation claim forms, and it would take some time to process the paperwork.

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