Voyager Digital plans to start returning funds to collectors as a part of its chapter proceedings, Voyager’s unsecured creditor committee mentioned on Could 4.
The Voyager Official Committee of Unsecured Collectors wrote:
“Voyager is … finalizing every little thing internally that’s essential to make distributions to collectors. We’re hopeful that preliminary distributions will start throughout the subsequent few weeks.”
The creditor committee and Voyager are presently finalizing liquidation procedures and the related filings will doubtless be submitted on Could 5. This should happen earlier than the agreed-upon plan comes into impact, and the method might be delayed additional if any objection requiring a court docket listening to is filed inside 10 days of the primary submitting.
In any other case, Voyager will quickly “go efficient” with the plan, the committee mentioned.
Voyager initially suspended withdrawals and different transactions on July 1, 2022. It filed for chapter only a few days afterward July 6, 2022.
Voyager obtained court docket approval to return $270 million of buyer funds in August 2022.
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