Voyager Digital receives extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Nov. 15 – Voyager Digital Ltd. secured an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, the court extended the plan filing period by 61 days through Jan. 2 and the solicitation period by 57 days through March 1.

As previously reported, the company has already filed a plan and received approval of the related disclosure statement. The plan confirmation hearing is scheduled for Dec. 8.

However, the company said much work remains to be done before the plan hearing.

“An extension of the exclusivity periods will provide the debtors with the necessary time and breathing space required to efficiently negotiate and build additional consensus on the terms of the plan and take the necessary steps toward confirmation and implementation of the transactions contemplated therein,” the company said.

Voyager Digital is a cryptocurrency broker based in New York. The company filed bankruptcy on July 5 under Chapter 11 case number 22-10945.

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