Mt.Gox now officially in bankruptcy

[Massimo80]

Here we go:

https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf

[roslinpl]

Here we go:

https://www.mtgox.com/img/pdf/20140424_announce_qa_en.pdf

At 5 p.m. on April 24, 2014, the Tokyo District Court issued an order of commencement of
the bankruptcy proceedings for MtGox Co., Ltd. (the “Company”) (Case No.: Heisei
24(hu)No.3830), and at the same time, appointed me as the bankruptcy trustee.

so this is "almost" the end of the Gox story?

I though it can end up in a better way... but..

[Nerazzura]

so they don't need to pay their customer losses if they declared bankruptcy? 

[cech4204a]

so they don't need to pay their customer losses if they declared bankruptcy? 

i guess you didn't read it...they will sell 200.000BTC that they have and return FIAT ($) to your accounts, so no BTC will be given back.

[roslinpl]

so they don't need to pay their customer losses if they declared bankruptcy?  

i guess you didn't read it...they will sell 200.000BTC that they have and return FIAT ($) to your accounts, so no BTC will be given back.

And then Mark K. will end up like a witch!

[cozytrade]

Has anyone already planned to attend the creditors' meeting held on 23 July? Should be hot summer day

[Massimo80]

Has anyone already planned to attend the creditors' meeting held on 23 July? Should be hot summer day

It's likely it will be held in Japan... this may be quite problematic for most people.

[pehoko]

so this is "almost" the end of the Gox story?

I though it can end up in a better way... but..

Bankruptcy proceeding is legal way to stole all funds and not going to jail. For us small creditors -> zero funds, and all is legal.