AmeliaG:
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I was a bit perturbed by the idea that Globill was being sold. Like you said, the name can't be valuable. I'm like, hey, they owe me a lot of dough, what assets exactly do they have?
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I don't know of the remaining assets of Globill, but assume at the moment any assets within the US are being handled by a liquidator who is getting clearance from and acting on court instructions.
That is fine in theory, but it is not uncommon for legal/liquidation fees to eat into remaining assets and leave very little for the actual creditors.
It smells like Globill is a mess to clear up - it involves more than one jurisdiction. This same scenario actually applies to several processors by the nature of the business - that may be something to watch out for in future :-)
If this is an attempt to sell Globill as a corp or business (don't see how this can be possible for a bust corp) - some folks ain't got a clue, - but they may be attempting to maximize values for creditors - who knows?
The St Kitts end is not exactly problem free either - offshore jurisdictions don't like folks who go bust owing others money, especially if there is an indication they are abusing the rights afforded to them under the laws of that jurisdiction. The price is paid in the end:-)