Crypto lender Celsius, facing bankruptcy, is slated to vote on a plan to sell its assets to Fahrenheit Group, approved by a judge as the process winds down.

Celsius will send creditors ballots to vote on the proposal from Aug 24 to Sept 22. If approved, creditors could receive up to $2 billion. Returns would range from 67% for Earn holders to 85% for those in the Borrow Program.

The court’s final decision on the settlement is expected in October, with disbursement commencing by year-end. Customers uncomfortable with the arrangement can opt-out.

Judge Martin Glenn of the Southern District of New York Bankruptcy Court ruled after a year-long bankruptcy case.

Interim CEO Chris Ferraro aims for a settlement agreeable to all parties. Fahrenheit secured Celsius assets for about $2 billion, with assets going to Arrington Capital and other Fahrenheit consortium companies.

Under the agreement, the new company would receive $500 million, while the US Bitcoin Corp will build new mining facilities, including a 100-megawatt plant.

Restructuring plans garner positive attention from observers and crypto commentators, contingent on creditor approval.

Recent news: North Korean hackers: $200M in 30 crypto thefts

Creditors will receive compensation in Bitcoin (BTC) and Ether (ETH), equity shares in the new entity, and forfeitures from founder Alex Machinsky.

Post-bankruptcy, Celsius will pursue litigation against Machinsky for alleged token value inflation and investor deception.

Fahrenheit will invest $50 million in the new company and list it on Nasdaq, allowing users to access shares as part of the settlement.

The deal seems favorable to all parties, particularly creditors recovering assets after Celsius’ prior bankruptcy filing.