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#MtGox’s #bankruptcy should have been a rather boring and long process. Long, because there are many creditors (24750 people submitted claims as MtGox customers) and because some people are trying to get a part of the cake despite having been rejected by the trustee ( #CoinLab). Now, far from being boring, this bankruptcy is setting a new kind of precedent. Indeed, the assets held by MtGox when it entered liquidation bankruptcy included some 202,000 BTC, which now have a worth at today’s rate much higher than the sum of all non-erroneous claims filed against MtGox. Normally this shouldn’t be an issue. Bankruptcy repays all #creditors in full, and we’re done. In this specific case, however, many of the claims are based on #Bitcoin value held by MtGox #customers at the time the bankruptcy started, and while for most the claimed amount would cover all money spent on purchasing said bitcoins (in some case it would add a hefty bonus), most Bitcoin creditors assert capital gains from said bitcoins should be paid to them. In most bankruptcy cases it is the way things happens since anyway capital gains would usually not allow covering all claims, yet here we are in a rather unique case, and the current estimation of assets is much higher than accepted #liabilities. First I’d like to say that nobody could have predicted things would go that way, and that this direction is the result of a number of factors including: Multiple MtGox customers filing with the court repeatedly after MtGox filed for civil rehabilitation on Feb 28th 2014 arguing MtGox should be in liquidation bankruptcy, and not civil rehabilitation, with the court eventually putting MtGox in liquidation less than 2 months later - whereas there is now a trend within creditors wishing for civil rehabilitation to be back CoinLab filing a very large claim against MtGox following a US #lawsuit most sane person would say is merit-less - and trying again and again to get their hands on some 75 million USD from MtGox - this claim assessment has been lasting for over a year and even if assessment somehow completes, it is very likely to be brought to a court and fought again and again as long as appeals are possible

11 0 Nov 19, 2017

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7 1 Nov 19, 2017

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34 0 Nov 19, 2017

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4 1 Nov 19, 2017

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8 1 Nov 19, 2017

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20 3 Nov 19, 2017

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7 1 Nov 19, 2017

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12 0 Nov 19, 2017

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68 4 Nov 19, 2017

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110 4 Nov 19, 2017

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207 14 Nov 19, 2017

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35 2 Nov 19, 2017

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34 2 Nov 19, 2017

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32 0 Nov 19, 2017

{Paycheck Allocation} • {Financial Freedom} • Your FUTURE REQUIRES A PLAN! • Each paycheck should be received with expectation of appropriate distribution. • Monthly financial obligations that are deemed a necessity should be paid first, followed by credit card payments, and or any legal binding contracts that requires on-time repayment until the balance is paid off. • Is your income geared towards needs and or wants each month? • Is there money left over after payments have cleared? Does your financial obligations exceed your income? • Do you see anything more than just repaying your debt(s) on payday? If so, what is it? • Is your salary and or hourly wage factored into your future or is it short term for your current needs only? • Do you have financial goals in place? Are they easy to attain? Do they fit your current budget? Have you been able to successfully complete a goal? • As I personally weigh in on this topic (My BELIEFS) are each paycheck; my tithes which is 10% or more belongs to my CREATOR. One check should be for bill dispersement and the second check should be for investments, charities, retirement, and emergency funding! • If you don't possess the sufficient monetary needs with your current job, I would suggest starting a business, seeking additional employment, change professions, and or seek another job opportunity. Start somewhere, anywhere! • Keep UP! Stay AHEAD! Be INFORMED! • We are The Ward Group and can HELP! • #paycheck #studentloans #financialfreedom #employment #crediteducation #creditscore #transunion #equifax #experian #creditcards #creditrepair #creditimprovement #increasecreditscore #judgements #bankruptcy #goodcredit #buildingwealth #debt #neworleans #batonrouge #houstontx #texascity #lamarquetx #atlantaga #fortworthtx #batonrougecreditrepair #nolacreditrepair #houstoncreditrepair #atlantacreditrepair #dallascreditrepair

13 0 Nov 19, 2017
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