World Bitcoin Association Files for Bankruptcy Amid Landlord Legal Fight

A New York-based bitcoin company associated with Bitcoin Center NYC has declared Chapter 11 bankruptcy security after months of legal wrangling.

Founded last year, the World Bitcoin Association (WBA) has actually been involved in a legal conflict with its property manager over site problems at 40 Broad Street, which houses Bitcoin Center NYC.

The company asserted in between $ 100,000 and $ 500,000 in liabilities, and approximately $ 50,000 in assets, according to court files acquired by CoinDesk. The filing likewise specifies that the company anticipates to have sufficient funds to pay unsecured creditors, with a creditor meeting set up for 17th April.Continue reading at CoinDesk CoinDesk

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