Mt Gox is allegedly no longer bankrupt

Verified
5 months ago
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The Tokyo court has decided to suspend Mt Gox bankruptcy procedure and begin the process of civil rehabilitation, according to the release from the company.

The company’s civil rehabilitation for creditors means the opportunity to get its bitcoins, rather than cash compensation of $ 440 – it’s stipulated by the bankruptcy procedure.

Mt. Gox trustee Nobuaki Kobayashi confirms the benefit:
In bankruptcy proceedings, non-monetary claims are converted into monetary claims based on the valuation as at the time of the commencement of bankruptcy proceedings. In contrast, in civil rehabilitation proceedings, non-monetary claims are not converted into monetary claims at the time of commencement of the civil rehabilitation proceedings.

Earlier, Nobuaki Kobayashi accused of having organized BTC and BCH mass sales for settlements with the company’s creditors.