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Did Voyager Send Out Checks?

Published in Bankruptcy Distributions 2 mins read

Yes, Voyager did send out checks as part of its bankruptcy distribution process to users.

Following its bankruptcy proceedings, Voyager initiated the process of returning funds to its users. These disbursements were notably carried out using USD-denominated checks, ensuring that recipients could access their funds directly.

Voyager's Check Distribution Timeline

The initial phase of these distributions, which involved sending out checks, began in 2023. This first round was a significant step in returning assets to account holders impacted by the company's financial restructuring.

Subsequent distributions were also planned to reach users via the same method. This means that, for eligible users, checks were, and continue to be, a primary method for receiving their bankruptcy distributions to the address on file with Voyager.

Here's a quick overview of the check distribution:

Aspect Detail
Recipient Eligible Voyager Users
Purpose Bankruptcy Distribution of Funds
Payment Method USD-denominated Checks
First Distribution Commenced in 2023
Subsequent Rounds Planned to continue via checks (e.g., 2024)

Understanding Bankruptcy Distributions

When a company like Voyager goes through bankruptcy, a court-supervised process determines how its remaining assets are distributed among creditors, which include its users or customers in this context. The method of distribution can vary, but in Voyager's case, sending physical checks has been a chosen way to process these financial returns to a broad base of claimants.

For many users, receiving a physical check offers a clear and direct method of accessing their distributed funds, simplifying the process of claiming assets from a bankruptcy estate. This approach helps ensure that users receive their entitled share of the disbursed funds in a widely accepted format.