They are basically asking the judge to grant them the ability to reimburse unsecured creditors(retail) before the legally required secured creditors reimbursement(institution/whale).
They know there will be no money left for retail after the whales, and they are hoping to survive this still it appears. That wonβt happen if they just basically steal retails money(albeit legally), when their business relies on retail customers.
But since they have to follow bankruptcy procedures, only a judge can authorize paying unsecured creditors first.
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments