Voyager gets bridge order protecting exclusive plan periods

By Sarah Lizee

Olympia, Wash., Jan. 6 – Voyager Digital Ltd. secured a bridge order extending its exclusive periods to file and solicit votes on a Chapter 11 plan to Jan. 24, according to documents filed with the U.S. Bankruptcy Court for the Southern District of New York.

The extension will protect the company’s exclusivity through a Jan. 24 hearing, when the court will consider a further extension of the plan filing period through March 3 and the solicitation period through April 30.

As previously reported, 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 toward consensual resolutions with its stakeholders.

The committee has agreed to 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.

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