Extended Redemption or Just a Waiting Game?
In a surprising twist in the saga of Mt. Gox, the deadline for creditors to receive their long-awaited repayments has been pushed back from Halloween of this year (October 31, 2023) to the slightly less spooky Halloween of next year (October 31, 2024). Yes, folks, grab your calendars and mark that date, because trustee Nobuaki Kobayashi has decided we need a little more time to brew our financial potions!
A Letter from Kobayashi: Officially Extended
In a letter dated September 21, Kobayashi expressed that with the Tokyo District Court’s blessing, he’s extended not only the base repayment deadline but also the early lump-sum and intermediate repayments. It’s almost like he’s giving creditors a second chance to get their financial ghosts in order. The Lord of Time just waved his wand, and suddenly, deadlines are changed!
Payments on the Horizon?
For those rehabilitation creditors that have provided their necessary information, Kobayashi indicated that repayments could start rolling out as soon as the end of this year. However, don’t get too excited just yet. Please remember, “specific timing isn’t determined,” which is a polite way of saying, “patience is a virtue.
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