Terra Extends Deadline for Terra Loss Claims

Bittime - Terra officially announced that the deadline for claiming losses for the bankruptcy of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been extended to 22 August 2024 at 12.00 WIB. 

Terra Loss Claim Deadline 

This time limit change is particularly important for holders of TFL and TLL-related loss claims. This deadline is established for the purpose of voting in a Chapter 11 bankruptcy plan and is not related to claim rights or distribution of funds. Therefore, it is critical that eligible Terra community members submit their claims before the deadline.

Terra Loss Claim Deadline Details 

1. TFL Claim: Claims against TFL that arise before January 21, 2024 must be submitted before the claim deadline of August 22, 2024.
2. TLL Claim: Claims against TLL that arise before July 1, 2024 must also be submitted before the claim deadline of August 22, 2024.

Terra community members who meet these requirements must immediately file a claim to ensure their voting rights in the Chapter 11 bankruptcy process.

Claim Terra Losses Before the Deadline

Filing a claim before the specified deadline is critical to ensuring that the claim is considered in the Chapter 11 bankruptcy plan voting process. 

While this deadline is for voting purposes only and does not affect claim or distribution rights, filing a claim on time will ensure that the votes of claim holders are taken into account in important upcoming decisions.

Method File a Terra Loss Claim 

To file a loss claim for Terra's bankruptcy, Terra community members must follow the following steps.

1. Kcollect the necessary documents, pensure that all documents supporting the loss claim have been prepared and are complete.
2. Visit the official Terra website or the site provided for the claim process to access the proof of claim form and complete instructions.
3. Fill in the claim form with accurate and complete information according to the instructions provided.
4. Submit the completed claim form along with supporting documents before the specified deadline.

By following these steps, claim holders can ensure that their claims are received and processed in a timely manner.

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