Tagged: insolvency

Aryza, Validis to Support Open Finance for UK Business Lenders

Aryza, which claims to be the expert developers of software solutions for the sectors of insolvency, credit and debt recovery, has announced a partnership with Validis, an open accounting platform, in order “to develop an open finance solution that will help business lenders obtain better… Read More

Zipmex Files for Insolvency, Seeks Protection from Claims While Engaging with Potential Investors

Singapore based Zipmex has filed for insolvency under Singapore law. According to a blog post, Zipmex attorneys have filed five applications under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of several of the firm’s entities, aiming to gain global moratoriums… Read More

Insolvency Firm Red Flag Alert Reports that UK Companies are Facing £1.86B in Losses due to Unpaid Invoices following COVID-19 Outbreak

UK-based firms are facing losses of around £1.86 billion (appr. $2.46 billion) which could result from unpaid invoices, even though the nation’s businesses have received financial support from the government’s COVID-19 relief packages. Red Flag Alert, an insolvency company that assists businesses with safeguarding their… Read More

Report Questions Recruitive Software’s Disclosure Process During Crowdfunding Round

A report in the Times asks pointed questions regarding a crowdfunding campaign by Recruitive Software that may have failed to disclose material information regarding the firm while the securities offering was ongoing. The Times states: “A collapsed software developer failed to disclose that it had… Read More

VibeWrite Announces Insolvency Proceedings; Seedmatch Campaign Overfunded in Sept 2014

VibeWrite, the digital pen that independently recognizes handwriting and in conjunction with a vast number of  applications and Seedmatch over  €560K during the course of its campaign announced the opening of insolvency proceedings for the VibeWrite UG  experience (limited). “As with past bankruptcies, we will post here on the… Read More

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