Judge Pushes for Faster Resolution of FTX Bankruptcy to Repay IRS, Customers
• Judge takes steps to speed up efforts to recover FTX customers' funds • Schedules hearing in early 2023 to calculate FTX's debt to the IRS • IRS is FTX's largest creditor; its claim must be resolved before customers can recover losses • Judge says case needs to be resolved quickly, accurately, without wasting time/resources • Unclear if court's estimate of tax debt will boost IRS recoveries