A recent filing in the FTX bankruptcy case indicates that a court hearing to confirm the reorganization plan will be held on October 7. 

Prominent blockchain reporter Colin Wu confirmed the development today, detailing how creditors of the bankrupt exchange may receive compensation if the court approves the plan. 

Payment Schedule 

If approved, Colin Wu noted that creditors with less than $50,000 claims could start receiving payments by the end of 2024. This timeline aligns with reports indicating that the bankrupt exchange could commence repaying $16 billion to creditors in the fourth quarter. While creditors with less than $50,000 claims could be repaid before the end of 2024, Colin Wu noted that those with larger claims may not get their payments until 2025, specifically in the first or second quarter. 

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