Voyager Digital Files for Chapter 11, Seeks to ‘Maximize Value for All Stakeholders’

US-based crypto platform Voyager Digital said it filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code as it seeks to implement its reorganization plan and “maximize value for all stakeholders.”
Chapter 11 generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time….
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