June 17, 2024
The liquidating trustee for bankrupt fintech business Vesttoo Ltd. has asked a Delaware bankruptcy judge to deny fees for Kaplan Hecker & Fink LLP, which had been proposed to counsel the company, saying the firm's retention application wasn't confirmed before the Chapter 11 plan became effective.
March 01, 2024
A Delaware bankruptcy judge has approved the Chapter 11 liquidation plan proposed by the official committee of unsecured creditors to bankrupt Israeli fintech firm Vesttoo Ltd., after the committee sorted out a final objection to the plan.
February 22, 2024
A Delaware bankruptcy judge on Thursday postponed deciding the fate of Israeli financial technology firm Vesttoo Ltd.'s liquidation plan until early next week to give the remaining objector to the proposal time to review settlements the debtor reached with prior challengers.
December 20, 2023
A Delaware bankruptcy judge on Wednesday granted creditors of Israeli fintech Vesttoo Ltd. conditional approval to send out a Chapter 11 plan for a vote roughly one month after canceling the debtor's exclusive right to file its own liquidation proposal.
November 30, 2023
Unsecured creditors of bankrupt Israel-based fintech business Vesttoo are asking a Delaware federal judge to deny the company's request to retain an Israeli law firm in its Chapter 11 case, saying it hasn't yet been explained what services the firm will provide.
November 13, 2023
Bankrupt Israel-based fintech firm Vesttoo can keep its Chapter 11 status, a Delaware court has ruled, denying a motion from the Office of the U.S. Trustee to force the company to convert to Chapter 7 proceedings.
November 02, 2023
Israeli fintech Vesttoo told a Delaware bankruptcy judge that it will have a Chapter 11 asset sale plan ready to file by the start of December, firing back at a bid by unsecured creditors to file their own liquidation plan.
October 31, 2023
The U.S. Trustee's Office asked a Delaware bankruptcy judge to convert Israeli fintech Vesttoo's Chapter 11 case to a Chapter 7 proceeding, saying the company is spending its resources in vain and its estate isn't properly managed.
October 02, 2023
A Delaware bankruptcy judge on Monday gave the green light to the committee of unsecured creditors for bankrupt Israeli fintech startup Vesttoo Ltd. to look into some of the debtor's former executives whom Vesttoo is suing for allegedly mounting a "fraudulent scheme" surrounding letters of credit.
August 31, 2023
Bankrupt Israeli fintech startup Vesttoo Ltd. got a Delaware bankruptcy court's approval Thursday to pay fired workers about $800,000 to avoid potentially debilitating fines and the possibility of a forced insolvency proceeding in Israel, overcoming objections from creditors and the U.S. Trustee's Office.