<a href="https://www.cryptoknowmics.com/news/galaxy-digital-to-purchase-custodian-gk8-from-insolvent-celsius">Celsius</a>, a bankrupt cryptocurrency lender, was <a href="https://twitter.com/CelsiusNetwork/status/1599957794299711490" target="_blank" rel="nofollow noopener">granted</a> permission by the court to expand its evaluation period, or the time during which it retains the sole right to file a <a href="https://www.cryptoknowmics.com/news/crypto-lender-celsius-files-for-chapter-11-bankruptcy-in-new-york">Chapter 11</a> restructuring plan until February 15.

https://twitter.com/CelsiusNetwork/status/1599957794299711490
<h2>Celsius Receives Extension for Restructuring Plan</h2>
For the benefit of the clients and other stakeholders, Celsius tweeted that the exchange aims to use this opportunity to continue formulating a strategy for a holding firm while examining all value-maximizing possibilities accessible to the exchange.

According to Celsius's tweets, the prolongation follows two court appearances when a motion seeking authorization for a stablecoin sale intended to provide operational liquidity was also considered. According to the cryptocurrency lender, the judge's ruling in the case, which plans to maximize value for all stakeholders, is anticipated next week.
<h2>Significant Progress in Value-Maximizing</h2>
In the early half of November, Celsius initially submitted a motion asking for permission to extend the evaluation period. At the time, the cryptocurrency lender said it was making significant progress towards the decision of a value-maximizing way ahead.

Celsius Receives Extension to File Chapter 11 Restructuring Plan

Celsius granted permission by court to expand its evaluation period, or the time during which it retains sole right to file Chapter 11 restructuring plan

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Celsius Receives Extension to File Chapter 11 Restructuring Plan

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