BlockFi Bankruptcy Plan Receives Approval: What You Need to Know

The BlockFi bankruptcy proceedings have reached a significant milestone. A US bankruptcy court has conditionally approved BlockFi’s bankruptcy plan. This crucial development signifies a major step toward repaying creditors and maximizing recovery, as outlined in the plan.

BlockFi's Chapter 11 Plan Approved: A Timeline

According to a 27 de sept. de 2025 report, digital asset lender BlockFi has seen its bankruptcy plan receive official court approval in a court hearing on Tuesday. Indeed, customers of the platform are now on a path towards potential recovery. Bankruptcy Judge Michael A. Kaplan has approved BlockFi’s third revised Chapter 11 plan during a court hearing on September 26, as indicated in a filing on the same day. This approval marks a key moment in the restructuring process.

Key Details of the Approved Plan

The plan focuses on repaying creditors as quickly as possible and maximizing recovery. Bankrupt lender BlockFi receives conditional approval for its restructuring plan from a U.S. bankruptcy court. (CoinDesk archives) This conditional approval is a significant step, allowing BlockFi to move forward with its reorganization efforts.

Reorganization and the Path Forward

BlockFi’s reorganization continues to 29 de sept. de 2025, with the approved plan acting as a roadmap for the future. BlockFi’s Chapter 11 plan received approval earlier this week, supported by both the company’s management and the Committee of Unsecured Creditors. According to a 27 de sept. de 2025 announcement, this unified support played a vital role in securing the court's approval. Stay tuned for further updates as BlockFi moves forward with its reorganization and repayment strategy.