A document confirms that, despite Hodlnaut’s best efforts, the firm has not been able to find a prospective investor that could provide the liquidity that would bring it afloat again.

Furthermore, the paper reveals that the creditors holding the lion’s share of the claims – about 55.38% – voted in favor of total liquidation. The creditors preferring a restructuring solution only control 2.42% of the claims against Hodlnaut, a large part of which appear to be actually controlled by the directors of the company itself.

As a result, the courts have opted to move in favor of liquidation should circumstances remain unchanged.