Quote from: repentance on February 28, 2014, 10:33:10 AM

Quote from: studio1one on February 28, 2014, 10:21:30 AM

Quote from: DutchBrat on February 28, 2014, 10:19:10 AM

*DJ Mt. Gox Lawyer: Mt. Gox Assets Y3.84B
*DJ Mt. Gox Lawyer: Will Cooperate With Japanese Authorities Into Investigating What Happened

If true they have more than half of their liabilities at book. Worst case scenario would be creditors getting 50% back.

We'll see the veracity of claims in the near future.

That's not the worst case scenario at all. We don't know if the filing even includes BTC. We do know that fees involved in sorting out business bankruptcies tend to chew through enormous amounts of remaining assets and that unsecured creditors typically receive little or no return.

Without access to the information contained in the filings, all we know for sure is that legal actions in Japan will now be stayed (and legal actions initiated outside Japan will likely be rendered futile).

You are right, it was a massive simplification on my part.

I would be amazed if the asset and debt didn't include BTC. The court would throw it out in a second.