Vesttoo Ltd.

  1. June 17, 2024

    Vesttoo Trust Objects To Kaplan Hecker Fee Bid

    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.

  2. March 01, 2024

    Fintech Co. Vesttoo's Ch. 11 Plan OK'd After Dissent Defused

    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.

  3. February 22, 2024

    Vesttoo Liquidation Delayed For Closer Look At Creditor Deals

    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.

  4. December 20, 2023

    Vesttoo Creditors Get OK To Collect Votes On Ch. 11 Plan

    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.

  5. November 30, 2023

    Unsecured Creditors Oppose Vesttoo's Bid To Hire Israeli Firm

    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.

  6. November 13, 2023

    Judge Won't Convert Israeli Fintech Vesttoo Ch. 11 To Ch. 7

    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.

  7. November 02, 2023

    Vesttoo Says It Needs One More Month To File Ch. 11 Plan

    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.

  8. October 31, 2023

    US Trustee Cites 'Mistrust' In Vesttoo Ch. 7 Conversion Bid

    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.

  9. October 02, 2023

    Bankrupt Fintech's Creditors Can Probe 'Fraudulent Scheme'

    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.

  10. August 31, 2023

    Bankrupt Israeli Fintech Gets $800K To Pay Fired Workers

    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.