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Mt. Gox Creditors’ Legal Victory: “Enormous Assets” to be Returned



The Mt. Gox Creditor (mtgoxcreditor) posted Commencement of Civil Rehabilitation Proceedings of Mt. Gox today, indicating a victory for creditors long wondering if an attempt would be made at making them financially whole. The Tokyo District Court ordered commencement of civil rehabilitation proceedings, and as such “enormous assets, which were to be distributed to Mt. Gox’s shareholders under the bankruptcy proceedings, will be returned to creditors.”

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Gox Creditors Score Victory in Hunt for Recovering Massive Losses

“This is the first time in Japan legal history,” noted attorney ...

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