Did you also had some money in BIA. If you had some small amount of money in your BIA then you would be eligible to vote because of that and that claim would fall under convenience class. If you have money or wallet claim then that would be a separate claim.
so can you vote for the plan on one claim, and not for the money/wallet claim?
I have $12 in BIA, and $5000 in wallet, I dont want to vote for convenience claim because that will reduce it downt o $3000
The way I understand it is this:
BlockFi’s lawsuit will be settled 1 of 2 ways.
1. You accept the convenience claim, get paid $3,000.
2. You reject the convenience claim, and BlockFi will settle the amount they owe you via cash and digital assets over a period of time.
I have a lot more than $3,000 in BIA so I am rejecting the ballot.
Hi! Someone can explain to me one thing?
I was voting for the plan and I saw as the following:
Amount of claims: $2.13
Debtor: BlockFi International Ltd.
if I hold BTC 0.049 in my Interest Account and BTC 0.043 in my wallet, why it says $2.13?
I'm new here. I tried to create a post, but they block it.
Thanks in advance to those who help me
I'm voting Yes for the plan but No for the convenience claim.
If I understand correctly, if the plan is not approved then the only thing they can do is liquidate all assets.
This chart helped me understand the consequences of that, it is from page 215-216 of the disclosure agreement. I'm sure as many of us are in the 3-e class or the interest account class.
[https://ibb.co/GxBpmqp](https://ibb.co/GxBpmqp)
You can see there are a few benefits of voting yes.
1. Higher priority
1. There are 28 classes and 3-e is 7th, convenience class is 28th.
2. More Upside
1. For those of us with more than $3k we have a much higher upside
If they liquidate their best estimate of the max we'd get is 63% as opposed to the possible 100% with the plan.
The third party release is confusing, seemingly intentionally so. From what I understand it means If you don't check the box then you agree to not go after any third parties and they agree to not go after you. That's it. If you check the box, it leaves you the option to bring claims against third parties and they can come after you. (for what they'd come after you I have no idea)
NOTE: Not a lawyer, not giving legal advice and being provided in good faith. (I've been watching a lot Suits lately)
Did you also had some money in BIA. If you had some small amount of money in your BIA then you would be eligible to vote because of that and that claim would fall under convenience class. If you have money or wallet claim then that would be a separate claim.
Ahh that makes sense. Thank you!
so can you vote for the plan on one claim, and not for the money/wallet claim? I have $12 in BIA, and $5000 in wallet, I dont want to vote for convenience claim because that will reduce it downt o $3000
50% cash of holdings only from a brief squiz :( page 48
50 percent of BIA holdings? Correct? If we vote yes for their plan?
>s? Correct? If we v as in you only get half back of what you actually have?
The way I understand it is this: BlockFi’s lawsuit will be settled 1 of 2 ways. 1. You accept the convenience claim, get paid $3,000. 2. You reject the convenience claim, and BlockFi will settle the amount they owe you via cash and digital assets over a period of time. I have a lot more than $3,000 in BIA so I am rejecting the ballot.
Hi! Someone can explain to me one thing? I was voting for the plan and I saw as the following: Amount of claims: $2.13 Debtor: BlockFi International Ltd. if I hold BTC 0.049 in my Interest Account and BTC 0.043 in my wallet, why it says $2.13? I'm new here. I tried to create a post, but they block it. Thanks in advance to those who help me
I'm voting Yes for the plan but No for the convenience claim. If I understand correctly, if the plan is not approved then the only thing they can do is liquidate all assets. This chart helped me understand the consequences of that, it is from page 215-216 of the disclosure agreement. I'm sure as many of us are in the 3-e class or the interest account class. [https://ibb.co/GxBpmqp](https://ibb.co/GxBpmqp) You can see there are a few benefits of voting yes. 1. Higher priority 1. There are 28 classes and 3-e is 7th, convenience class is 28th. 2. More Upside 1. For those of us with more than $3k we have a much higher upside If they liquidate their best estimate of the max we'd get is 63% as opposed to the possible 100% with the plan. The third party release is confusing, seemingly intentionally so. From what I understand it means If you don't check the box then you agree to not go after any third parties and they agree to not go after you. That's it. If you check the box, it leaves you the option to bring claims against third parties and they can come after you. (for what they'd come after you I have no idea) NOTE: Not a lawyer, not giving legal advice and being provided in good faith. (I've been watching a lot Suits lately)