Ebix, Inc.
Case Number:
8:23-bk-80004
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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April 29, 2024
ABI's New Prez, Scammers Charged, Giuliani To Appeal
The American Bankruptcy Institute named Polsinelli attorney Christopher A. Ward as its new president, the Office of the United States Trustee charged two with fraud for petition preparation services, and Rudy Giuliani asked a New York judge for permission to appeal his $148 million defamation verdict to the D.C. Circuit.
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April 22, 2024
Ebix Can Use Proceeds Of $386M Sale To Pay Down Debt
A Texas bankruptcy judge on Monday agreed to grant insurance software provider Ebix's request to tap a portion of the $386 million sale of its North American life and annuity assets to repay its prepetition lenders' secured claims.
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February 20, 2024
Judge Spikes Ebix Investors' Bid For Ch. 11 Equity Committee
A Texas bankruptcy judge declined Tuesday to take the rare step of ordering the appointment of an equity committee to act on behalf of a group of shareholders in Ebix Inc.'s Chapter 11 case, ruling that the investors will be adequately represented without one.
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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.
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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.
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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.
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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.