reorganization plan

It is reported that FTX, the cryptocurrency exchange, applied to the US judge, hoping to give another six months to submit the reorganization plan in Chapter 11 of the bankruptcy law. It said that after the bankruptcy last year, the company needed more time to continue to clarify its financial situation and would “soon” publish the details of its assets and liabilities. According to a motion submitted to the Delaware District Bankruptcy Court of the United States on Friday, the company requested to propose a reorganization plan before September 7, compared with the previous plan of March 11. FTX applied to submit the bankruptcy reorganization plan within 6 months Analysis based on this information:FTX, one of the most prominent cryptocurrency exchanges, has reportedly applied to a US judge to extend the deadline for submitting its reorganization plan under Chapter 11 bankruptcy law. The new request asks for six more months to submit the plan, as the company needs additional time…