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John Roska: How bankruptcy works – Champaign/Urbana News-Gazette

John Roska: How bankruptcy worksChampaign/Urbana News-GazetteQ: How much does it cost to file bankruptcy? Do I have to have a lawyer? What is the process, and how long does it take? A: The filing fee for the most common kind of bankruptcy is $335. That's for a "Chapter 7." The filing fee for the less common …and more »

Mt. Gox trustee leaves door open to revival of Bitcoin exchange (PC World)

The trustee overseeing the carcass of Mt. Gox, once the world’s largest trading platform for Bitcoin, told investors Wednesday that the company could be revived.
Speaking to a meeting of people whose bitcoins evaporated in the fall of Mt. Gox, Nobuaki Kobayashi said he is searching for a company that wants to take over the business.
“Several companies showed interest and I continue to conduct the selection process,” the court-appointed lawyer wrote in a document posted to the Mt. Gox website.
The statement follows a liquidation order by the Tokyo District Court, where Mt. Gox filed for bankruptcy on Feb. 28 with liabilities of ¥6.5 billion ($63.6 million).
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