PANews reported on August 21 that according to Terra’s announcement, court documents show that the planned confirmation hearing for the Chapter 11 bankruptcy reorganization case of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been scheduled for September 19, 2024 at 10:00 a.m. Eastern Time (10:00 p.m. Beijing Time) in Delaware. The hearing will be presided over by U.S. Bankruptcy Court Judge Brendan L. Shannon to review and confirm the proposed bankruptcy liquidation plan.