CoinTerra Files for Chapter 7 Bankruptcy

[Coinbuddy]

CoinTerra, a Bitcoin mining company, has filed for chapter 7 bankruptcy, meaning that the firm will likely have to liquidate all of its assets to pay its creditors.

Read this interesting article here: http://www.coinfinance.com/news/cointerra-files-for-chapter-7-bankruptcy

[alh]

While interesting, this can't be a surprise to anyone. Didn't they just recently get kicked out of their Data Center and have to suspend operations? The Chapter 7 filing is more confirmation of their status than anything else.

[TheRealSteve]

It shouldn't be a surprise because this was posted quite a while ago
( To answer the question: yes, they had 'a disagreement' with the data center...among other. )

[MichaelNZ]

Today I received a notice from the United States Bankruptcy Court advising me of a meeting of creditors scheduled for ...

February 27
10:00 am
Austin Room 118
Homer Thornberry Building
903 San Jacinto
Austin
Texas 78701

I cannot attend as I live in New Zealand. If someone is planning on going would they be kind enough to post a review of the proceedings