These MT Goes creditors have filed a petition in Tokyo, in which a citizen rehabilitation process has been initiated to collect payment in bitcoin. This MTT Goose's creditors filed a petition with the Tokyo District Court instead of making changes in the civilian rehabilitation process and changing the citizenship process, a report by Nikkei has revealed this today.
This filing of existing bankruptcy in MT Gox once, after the quantity of trade went before the world's largest bitcoin exchange before 2014, at the time of bankruptcies determines the payment to the creditors on the market value of the company's assets Is At the time of MT Gox's demise, these market value of bitcoin was less than $ 450 against current values of about $ 17,000.
This creditor claim is limited to the maximum value of $ 480, a Mount Geeks dealer told CCN last month that the former head of Mount Gox, Mark Karpeles, is expected to get the majority of benefits from bankruptcy proceedings in the Arabs today. Under current proceedings, Mount Gox should be more than 200 billion yen ($ 1.764 billion) extra after the payment of its creditors in the Fiat Yen. In the investigation of bankruptcy, it recovered nearly 200,000 bitcoin in today's prices, about $ 3.4 billion
As a result of this, the creditors are asking the court to stop Mt Gox' bankruptcy proceedings and pivot the citizen rehabilitation process, from which they will be able to get the payment of recovery in bitcoin which is far more important in today's time. This Tokyo District Court will consider the petition of creditors and in the beginning of 2018, there is hope for a decision.
SOURCE - https://www.cryptocoinsnews.com/mt-gox-creditors-file-petition-demand-recovery-payments-bitcoin/