2 years ago
Voyager Digital plans to statesman returning funds to creditors arsenic portion of its bankruptcy proceedings, Voyager’s unsecured creditor committee said connected May 4.
The Voyager Official Committee of Unsecured Creditors wrote:
“Voyager is … finalizing everything internally that is indispensable to marque distributions to creditors. We are hopeful that archetypal distributions volition statesman wrong the adjacent fewer weeks.”
The creditor committee and Voyager are presently finalizing liquidation procedures and the applicable filings volition apt beryllium submitted connected May 5. This indispensable hap earlier the agreed-upon program comes into effect, and the process could beryllium delayed further if immoderate objection requiring a tribunal proceeding is filed wrong 10 days of the archetypal filing.
Otherwise, Voyager volition soon “go effective” with the plan, the committee said.
Voyager initially suspended withdrawals and different transactions connected July 1, 2022. It filed for bankruptcy conscionable a fewer days aboriginal connected July 6, 2022.
Voyager received tribunal support to instrumentality $270 million of lawsuit funds successful August 2022.
The station Voyager intends to commencement returning lawsuit funds successful coming weeks appeared archetypal connected CryptoSlate.
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