Perspective
Mar. 28, 2014
How will Mt. Gox's bankruptcy shake out?
Bitcoin exchange Mt. Gox recently filed a civil rehabilitation proceeding under Japanese law, and subsequently filed a companion case in U.S. Bankruptcy Court. By Gary F. Eisenberg and John D. Penn
Bitcoin exchange Mt. Gox recently filed a civil rehabilitation proceeding under Japanese law, and subsequently filed a companion case in Dallas, Texas, under Chapter 15 of the U.S. Bankruptcy Code.
The U.S. Bankruptcy Court issued an initial stay (injunction) to protect Mt. Gox and its U.S. assets from actions by creditors and set a hearing for April 1 and 2 to consider whether Mt. Gox would receive the full protec...
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