The unsecured creditors' committee and others involved in the bankruptcy of Celsius, a password credit company, boycotted the debtor's motion to delay the reorganization plan.

In a separate court filing on February 8th, the federation, seized account holders and their U.S. trustees and ℃ lenders resisted a motion to extend the uniqueness of the Chapter 11 reorganization plan from February 15 to March 31. Under the proposed extension, debtors of Celsius may also choose to consult the plan by June 30th.

The unsecured creditors committee indicated that the bankruptcy case "must be handled smoothly" based on the harm to ℃ clients who have been waiting for months to obtain funds. American clients and ℃ borrowers deny that bankruptcy "costs a lot of technical expertise" in the absence of any solution.

"the lives and operations of many account holders have been changed because of the past personal actions of debtors and some former executive directors and company executives," the federation document said. "

The resistance from deferred account holders seems to show a similar chill:

"that's all right. Now is the time to allow the debtor's users to come up with their own plans for the property they have been tricked into investing in a project with Celsius. It is important that the debtor manipulates the patent application right of such a case to the power of the user located in the debtor.

Celsius suspended customer withdrawals in June 2022 and the company filed for bankruptcy protection in July. Last December, George Martin Glenn, the bankruptcy presiding judge, allowed debtors to postpone the submission of the reorganization plan after a motion in November, extending the deadline to February 15th.

At the time, many affected Celsius clients claimed that the company was delaying legal proceedings and that his assets were uncertain, and the same agency expressed the same view after a boycott on February 8:

At the time of filing for bankruptcy, Celsius reported a vacancy in the content account of $1.2 billion, a net debt of $6.6 billion, and a property of the management method of $3.8 billion. However, it was later reported that the specific debt of the lending platform was close to $3 billion.