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A comment on Bankrupt Mt. Gox may soon be able to pay its creditors. Parent comment

Re:Bankrupt Mt. Gox may soon be able to pay its creditors by otoburb on Tuesday June 13, 2017 @02:41PM (#14547407)
>>Additionally, there's no upside for creditors if Bitcoin becomes $5,000.

It's funny you mention this, because from what I can understand of Japanese bankruptcy proceedings[1], any excess assets remaining after paying off creditors would probably be given to the MtGox shareholders, which primarily consists of Mark Karpeles[2] alone. I believe the term surfacing in other circles is "unjust enrichment"[3][4].

[1] I am not a lawyer.

[2] https://en.wikipedia.org/wiki/Mark_Karpel%C3%A8s

[3] http://blogs.lawyers.com/attorney/bankruptcy/recovering-thro...

[4] http://scholarship.law.cornell.edu/facpub/1/

[ Parent | on HN ]
Re:Bankrupt Mt. Gox may soon be able to pay its creditors by h1d on Wednesday June 14, 2017 @11:16PM (#14557686)
He showed up on Reddit saying he's finding ways to return the excess back to creditors in case price stays over 100% claims at the time of distribution.

https://www.reddit.com/user/MagicalTux/

[ Parent | on HN ]
Re:Bankrupt Mt. Gox may soon be able to pay its creditors by fjdlwlv on Wednesday June 14, 2017 @10:43AM (#14553074)
After paying back creditors what they are owed, or after paying back a discounted amount?
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Re:Bankrupt Mt. Gox may soon be able to pay its creditors by ne0n on Wednesday June 14, 2017 @01:12PM (#14554170)
"what they are owed" == fixed rate of $440/BTC.
[ Parent | on HN ]