MtGox payout guide and calculator* Your claims in each currency is converted into "goxyen" at fixed valuations.
* If you had a bankruptcy fiat claim, you're awarded the entire bankruptcy valuation of that claim plus 25.9% delay damages in full in goxyen.
* If your remaining combined fiat and crypto claims, you're awarded the first 200,000 goxyen in full, starting with fiat.
* If you choose early payment, you get 21% of your remaining claim amounts awarded as goxyen.
* Otherwise, you wait until the end of the process for the final payment rate. (There may be interim distributions while you wait.)
* Of your awarded BTC/BCH claims, some of the amount will be repaid in JPY (30% or so), so your actual awarded BTC/BCH will be lower than the nominal payout rate.
* You can receive your awarded BTC/BCH at a designated exchange, alternatively the trustee will sell the coins for you and send you the resulting cash instead.
Great guide, Kim at WizSec delivers again.
The difference of the two options as explained in the guide
The Early Lump-Sum Payment option gives you a fixed 21% of your remaining claim. This number is based on the trustee's estimate of the final percentage. Your claim against current assets will be considered already settled regardless of what the actual percentage ends up being, though you can still share in hypothetical future recoveries of additional assets.
The Final Payment option means waiting in all likelihood several more years until the end of civil rehabilitation, while remaining disputes run their course. The final payout rate will depend on actual assets and liabilities remaining at that point. If the trustee wins the majority of disputes or additional assets are recovered, this can lead to a higher payout than 21%.
However, if the trustee loses ongoing disputes or costs are greater than anticipated, the payout can drop below 21%. In extreme cases (such as CoinLab winning its lawsuit), the trustee could be forced to liquidate more coins.
Let say your claim is 10 BTC, the difference in BTC/BCH between the two options would be something like this
Early: 1.435 BTC, 1.435 BCH
Final: 1.616 BTC, 1.630 BCH
I'm definitely leaning towards the early payout option. This process could potentially go on for years, and if you believe you could make more than 10% in profit getting access to them early -- or simply just want to put this behind you, the early option would only make sense.
I know there are more creditors here, what's your take on this?
Also, this
Next, creditors have to vote on the plan. In order for the rehabilitation plan to be be accepted, over 50% of cast votes must be in favor, but they must also represent over 50% of all determined claim value (in goxyen). The latter requires hundreds of the largest creditors to vote in favor of the plan, and while this will probably happen, with large creditor groups ready to organize and rally everyone to vote in favor. Remember, the only alternative on the table is to return to bankruptcy, which means less money for everyone.
To reiterate: when it's time to vote, you should absolutely vote YES for the civil rehabilitation plan, or we all risk losing everything we fought for over the last several years!
