MtGox trustee details acceptance and rejection of bankruptcy claims

By Caroline Salls

Pittsburgh, Feb. 17 – MtGox Co., Ltd.’s bankruptcy trustee made decisions on acceptance of a portion of the claims filed against the company in connection with the refund of bitcoin and money, according to a news release.

Specifically, of the 9,863 MtGox creditors who filed a claim only based on deposits of bitcoin, 7,952, holding ¥12,583,717,791 of claims, had their claims accepted or rejected by the trustee as of Jan. 22, while 1,911, holding ¥27,547,026,403 of claims, are still awaiting a decision.

Meanwhile, all 14,685 creditors who filed a claim based on money deposits, holding ¥2,641,989,421,947 in claims, are still awaiting acceptance or rejection.

Trustee Nobuaki Kobayashi said he reserved his right to accept or reject filed claims that need further investigation or those for which the amounts filed are greater than the amounts of the deposit balance. The bankruptcy trustee also reserved his right to accept or reject all claims filed by creditors filing claims based on deposits of money, because it is necessary to further confirm user information.

According to the release, the next claims investigation date is scheduled for May 25.

The trustee said he plans to proceed to distribution processes after all filed bankruptcy claims have been accepted or rejected and the amount of the bankruptcy claims has been fixed.

According to a report filed by the trustee, the amount of bitcoin managed by the bankruptcy estate as of Feb. 9 was 202,163.41191816. The bankruptcy estate had a balance of ¥1,210,107,188 as of Feb. 16.

MtGox is a Tokyo-based online bitcoin exchange operator. The company filed for Chapter 15 bankruptcy on March 9, 2014 in the U.S. Bankruptcy Court for the Northern District of Texas under case number 14-31229.

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