informa
2 min read
article

Gizmondo Liquidators Seek Creditor Meeting

Though handheld hardware creator Gizmondo had hoped to make one last bargain with Begbies Traynor and David Rubin & Partners, the liquidation firms hired to deal with Giz...
Though handheld hardware creator Gizmondo had hoped to make one last bargain with Begbies Traynor and David Rubin & Partners, the liquidation firms hired to deal with Gizmondo Europe's remaining assets, the firms have begun to take the steps that the company assumed they would when the liquidators were hired in early February, announcing that they are to hold a meeting with creditors following the subsidiary's collapse earlier this month. According to an official liquidator statement, David Rubin and Asher Miller from David Rubin and Partners are responsible for liaising with the creditors and for realizing the value of Gizmondo's assets, while Paul Davis and Tim Dolder, liquidators at Begbies Traynor, will be conducting an investigation into the causes of the company's collapse and extent of the losses. The seeds of the company's demise were sown in October 2005, when key Gizmondo executives resigned, due to financial controversies plaguing the company. Some of the company's executives were revealed to hold criminal ties, and there were hints of further behind the scenes trouble, with poor accompanying financial results souring investors on the firm. Gizmondo's remaining creditors with an interest in the company's assets have been asked to contact Asher Miller at David Rubin & Partners, the firm which is chiefly handling the distribution of what remains of the company.

Latest Jobs

Studio Pixanoh LLC

Los Angeles, California
05.20.22
Combat Designer

Treyarch

Playa Vista, California or Vancouver, BC
05.20.22
AI Engineer

Question

Remote
05.20.22
Lead Level Designer (South Park)

Remedy Entertainment

Helsinki Metropolitan Area, Finland
05.23.22
Rigging Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more