World Bitcoin Association Files for Bankruptcy Amid Landlord Legal Fight
The company that operates Bitcoin Center NYC has filed for Chapter 11 bankruptcy protection after months of legal wrangling. The World Bitcoin Association (WBA) has been embroiled in a legal dispute with its landlord over site issues at 40 Broad Street, which houses Bitcoin Center NYC. The organization claimed between $100,000 and $500,000 in liabilities, and up to $50,000 in assets, according to court documents obtained by CoinDesk. The filing also states that the company expects to have enough funds to pay unsecured creditors, with a creditor meeting scheduled for 17th April. The legal....
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