Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Examiner requested as creditors accuse payments handler of stealing millions

By Declan Bush

08 February 2019

A US Trustee has asked a Florida court to appoint an examiner over international freight-payments company IPS Worldwide, which creditors accuse of stealing millions.

Examiner requested as creditors accuse payments handler of stealing millions IPS Worldwide filed for Chapter 11 in Florida on 25 January. (Credit: iStock.com/welcomia)