The application was made in Japan by lawyers acting upon behalf of the row and comes deserted days after MtGox went offline.
On Tuesday, the argument's boss said he was lively higher to deem a "final to our recent issues".
Before going offline, perplexing troubles meant it prevented customers transferring digital cash to supplement exchanges upon 7 February.
Details of the bankruptcy are scant but the application for auspices has been accepted by a district court in Tokyo, reported AFP. At the court hearing, the company said it had outstanding debts of just about 6.5bn yen (38m).
MtGox's lawyers are believed to have granted to apply to the court for sponsorship after US regulators filed a subpoena neighboring-door to the company.
Reports suggested the site shut with to after it discovered that an estimated 744,000 bitcoins - approximately $350m (210m) - had been stolen due to a loophole in its security.
MtGox's troubles have put pressure upon the price bitcoin owners can profit for their holdings. Currently one bitcoin is worth nearly $561 (334), a price far away lower than the high of $1,000 per coin it hit in November 2013.
Meanwhile, Vietnam has banned its banks from from handling the crypto-currency wise saying the virtual cash is not definite throb. The country's divulge bank said trading in bitcoins carried "potential risks" for users.
At the connected time, Japan's deputy finance minister said any regulation of bitcoin would have to alternating international cooperation to avoid set in motion taking place loopholes that traders could exploitation.
Source : BBC News
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