Voyager Digital seeks exclusivity extension to March to file plan

Chicago, Dec. 30 – Voyager Digital Ltd. is seeking a 60-day extension to March 3 to file a Chapter 11 plan and an extension to solicit votes to April 30, according to a filing with the U.S. Bankruptcy Court for the Southern District of New York.

The request for an extension cites the extraordinary circumstances around the collapse of FTX that resulted in Voyager’s sale process hitting a road bump, as FTX could no longer buy Voyager assets.

Since then, Voyager has found a second buyer of its assets, Binance US.

Voyager intends to use the 60-day extensions to narrow any remaining issues and work towards consensual resolutions with its stakeholders.

The committee has agreed to the proposed extension.

A hearing is scheduled for Jan. 24 to consider the proposed extension.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.