Ebix, Inc.

  1. February 08, 2024

    Ebix Investors Seek Creation Of Ch. 11 Equity Committee

    Insurance software maker Ebix's shareholders have moved to have the U.S. Trustee's Office appoint an official committee of equity holders in the company's Chapter 11 case, arguing the business is clearly solvent, and that a separate fiduciary entity is needed to protect value for the benefit of investors.

  2. January 26, 2024

    Ebix Ch. 11 Financing Survives Challenge To $70M Roll Up

    A Texas bankruptcy judge approved a $105 million post-petition financing package in the case of insurance software company Ebix Inc. on Friday, overruling an objection from the Office of the U.S. Trustee concerning a rolling up of $70 million in existing debt.

  3. January 16, 2024

    Software Co. Ebix Can Pay Bonuses In Ch. 11

    A Texas bankruptcy judge on Tuesday allowed bankrupt insurance software company Ebix Inc. to shell out for employee bonuses and payments owed to directors of the company, overruling a lone objection from the Office of the U.S. Trustee that the payments were over the legal limit, premature and vaguely defined.

  4. December 18, 2023

    Software Co. Ebix Hits Ch. 11 With Bid For Insurance Biz

    Software company Ebix Inc. has filed for Chapter 11 protection in a Texas bankruptcy court with more than $664 million in debt and a $400 million stalking horse bid for a portion of its insurance software business.