Quote from: duncwa on May 23, 2014, 10:27:01 PM

Hearing extended until 930am Wednesday. I'm here now. $2600 statutory limit for us solo purchasers. Not sure what this means. Something about 503b 9. #duncwaconfused. Motion by creditors denied.

Sounds like they are talking about the priority of the people who are owed money by HF. As a consumer there appears to be a provision in bankruptcy law to give you priority on a pre-payment or deposit of up to $2,600 that doesn't mean you can recover the rest if you are owed more but you just wouldn't get preference on the remainder.

Quote

Bankruptcy Code Section 507(a)(7) establishes a priority for unsecured claims of individuals arising from Customer Deposits towards the purchase of goods that were not delivered up to a maximum of $2,600. The remaining portion of the un-refunded deposit would become a general unsecured claim. Consumers owed deposits are only paid after all of the secured creditors and administrative expenses of the bankruptcy (such as bankruptcy lawyers fees) are paid. As priority creditors, holders of deposits would be paid up to $2,600 before any general unsecured obligations of the retailer are satisfied.

http://blog.bdo.com/index.php/2011/06/23/treatment-of-customer-deposits-after-a-retailer-files-for-bankruptcy/

503b9 is about suppliers who are owed money by the bankrupt company and given them preference under certain circumstances.
http://www.burbageweddell.com/bankruptcy-creditor-rights-overview/section-503b9-administrative-expense-claims/

The real question is what the heck did Hashfast _do_ with all that money people gave them to build these chip & machines some large number of which were never delivered.