MtGox Trustee to push for another extension to deadline for filing rehabilitation claims

Maria Nikolova

The Trustee plans to submit an opinion to the Tokyo District Court that proofs of rehabilitation claims delivered to the Office of the Rehabilitation Trustee by November 18, 2019, should be accepted in principle.

Nobuaki Kobayashi, Civil Rehabilitation Trustee for ill-fated Bitcoin exchange MtGox, will be seeking another extension to the deadline for filing Proofs of Rehabilitation Claims. This becomes clear from a notice published by the Trustee earlier today.

Let’s recall that the period for filing proofs of rehabilitation claims in the civil rehabilitation proceedings for MTGOX Co., Ltd. ended on October 22, 2018.

However, considering that the majority of the creditors reside outside Japan, the Rehabilitation Trustee intends to submit an opinion to the Tokyo District Court that proofs of rehabilitation claims being delivered to the Office of the Rehabilitation Trustee by November 18, 2019, should be accepted in principle.

The Trustee also notes that he plans not to submit an opinion to the Court for the claims delivered thereafter.

Going forward, for creditors who wish to file proofs of rehabilitation claims are advised to download a proof of rehabilitation claim form, fill in the necessary information thereon, and then send a printed version, on which they have affixed their seal or signature, to the Office of the Rehabilitation Trustee by post to the address below immediately. Whether proofs of rehabilitation claims filed after deadline will be accepted shall be determined by the court.

The postal address for proof of rehabilitation claim forms is:

  • MTGOX Co., Ltd. Office of Rehabilitation Trustee Suite 202, Kojimachi 3-chome Building
  • 3-4-1 Kojimachi, Chiyoda-ku,
  • Tokyo Japan 102-0083

Let’s recall that some of the creditors of MtGox filed a petition for commencement of civil rehabilitation proceedings against the Exchange with the Tokyo District Court on November 24, 2017. The petition was heard on June 22, 2018, and the Tokyo District Court issued an order of the commencement of civil rehabilitation proceedings for MtGox. As a result, the previously ongoing bankruptcy proceedings were stayed.

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