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<h3 id="the-insolvent-lender-granted-additional-time-to-submit-a-bankruptcy-exit-plan-now-due-by-august-2">The insolvent lender granted additional time to submit a bankruptcy exit plan, now due by August 2</h3>At a bankruptcy hearing on Monday, U.S. Bankruptcy Court Judge Sean Lane granted an extension to the mediation period between crypto lender Genesis and its creditors. The decision came as tensions escalated regarding the involvement of Genesis’ parent company, Digital Currency Group (DCG), in the lender’s restructuring process.The previously scheduled mediation period, originally set to end last month, has been extended until June 16. On May 1, Judge Lane appointed a mediator to facilitate discussions between the insolvent lender and its creditors after prior negotiations between the parties had failed earlier this year. <a href="https://cryptosheadlines.com/genesis-bankruptcy-judge-grants-extension-for-mediation-period-between-genesis-and-creditors/" rel="noopener noreferrer nofollow">Read More...</a>Follow Cryptos Headlines On <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News:</a>Join Cryptos Headlines Community: <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a>

Genesis Bankruptcy Judge Grants Extension for Mediation Period Between Genesis and Creditors

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