{"id":286026,"date":"2023-01-04T08:45:20","date_gmt":"2023-01-04T08:45:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=286026"},"modified":"2023-01-04T08:45:21","modified_gmt":"2023-01-04T08:45:21","slug":"celsius-file-motion-to-extend-the-bar-date","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/celsius-file-motion-to-extend-the-bar-date\/","title":{"rendered":"Celsius files motion to extend the Bar Date"},"content":{"rendered":"

Celsius filed a motion on Dec. 30, 2022, to extend the Bar Date \u2014 the deadline for all customers to file a claim.<\/p>\n

The hearing will be held remotely via Zoom for Government on Jan. 10, at 11:00 am ET.<\/p>\n

Parties that wish to appear at the hearing must make an electronic appearance through the court's website by 4:00pm ET on Jan. 9.<\/p>\n

Celsius<\/a> filed the motion under the Chapter 11 bankruptcy case of Celsius Network LLC and its affiliated debtors.<\/p>\n

In light of the roughly $53 million spent on ‘administration expenses'<\/a> through the bankruptcy case, multiple users expressed concern in the Twitter thread announcement<\/a>.<\/p>\n

User concerns included fear of funds being wasted and “lawyers procrastinating for profit.”<\/p>\n

With this extension filed, users can expect to now wait longer before being given the opportunity to recover funds held in Celsius.<\/p>\n","protected":false},"excerpt":{"rendered":"

Celsius filed a motion on Dec. 30, 2022, to extend the Bar Date \u2014 the deadline for all customers to file a claim. The hearing will be held remotely via Zoom for Government on Jan. 10, at 11:00 am ET. Parties that wish to appear at the hearing must make an electronic appearance through the […]<\/p>\n","protected":false},"author":1398,"featured_media":286042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77901,60793],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nCelsius files motion to extend the Bar Date<\/title>\n<meta name=\"description\" content=\"Celsius has requested an expedited hearing for a motion to extend the deadline for submitting proofs of claim and grant related relief.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/celsius-file-motion-to-extend-the-bar-date\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celsius files 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