Terraform Labs Bankruptcy: Key Hearing Set for Sept 19
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- Terraform Labs’ crucial bankruptcy hearing is set for Sept. 19, 2024, to approve the liquidation plan.
- Voting on Terraform Labs’ liquidation plan is critical as deadlines vary by claim class, with stringent procedures.
- Key legal protections in Terraform’s plan could shield parties from future lawsuits, barring fraud or misconduct.
Terraform Labs Pte Ltd and Terraform Labs Limited, currently navigating Chapter 11 bankruptcy proceedings, have a crucial Plan Confirmation Hearing scheduled for September 19, 2024, at 10:00 a.m. ET in the United States Bankruptcy Court for the District of Delaware.
This hearing will decide if the court will greenlight the Amended Chapter 11 Plan of Liquidation put forth by the companies. Judge Brendan L. Shannon will preside over the hearing at the Bankruptcy Court in Wilmington, Delaware.
Important Notice for the Terra Community regarding the Plan Confirmation Hearing:
— Terra
The Plan Confirmation Hearing in the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been set to September 19, 2024 at 10:00 a.m. (ET).
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(@terra_money) August 21, 2024
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