Voyager Digital Plans To Start Repaying Creditors In The Comin | CryptoSoul

Voyager Digital Plans To Start Repaying Creditors In The Coming Weeks

The stranded customers of Voyager Digital got some relief earlier today after the bankrupt crypto lender indicated that it may start repaying them in the next few weeks. Voyager Official Committee of Unsecured Creditors recently took to Twitter to announce that the company was deliberating the final liquidation procedures. 

Voyager Digital To File Final Liquidation Procedures On May 5According to a Twitter thread from Voyager’s Unsecured Creditors Committee, the bankrupt crypto lender and the committee is in the process of finalizing the liquidation procedures. The committee reminded its Twitter community that any plan for liquidating the firm’s assets are required to be filed before they come into effect. The liquidation procedure will lay out the details of the method by which creditors will receive the distribution from Voyager. 

Once the liquidation procedures are filed parties will have ten days to express any objection to the plan. In the event that any party objects, the bankruptcy court will schedule a hearing to consider the objection before allowing the crypto lender to go ahead with the liquidation. In case no objections are filed, Voyager Digital’s distribution plan will come into effect.