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Zipmex proposes new plan to repay creditors

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On February 16, Zipmex said in its announcement that it had sent a new plan to eligible creditors of all companies through its plan manager KordaMentha. Credit…

Zipmex proposes new plan to repay creditors

On February 16, Zipmex said in its announcement that it had sent a new plan to eligible creditors of all companies through its plan manager KordaMentha. Creditors must vote on the plan before February 21, 2023. If the plan is approved and the cryptocurrency completes its pending investment transaction, “they will obtain 100% of digital assets in Z Wallet”.

Zipmex sent a new plan to creditors for voting, saying that it is possible to recover the withdrawal of Z wallet 100%

Interpretation of the news:


Zipmex, the cryptocurrency exchange, has made a new announcement that could potentially have a huge impact on its future. The company has sent a new plan to eligible creditors of all companies through its plan manager KordaMentha. This comes after the company faced financial troubles and entered into a voluntary administration process.

The main objective of the new plan is to repay all creditors with the completion of the company’s pending investment transaction. According to the announcement, if the plan is approved by the creditors and the cryptocurrency completes its pending investment transaction, “they will obtain 100% of digital assets in Z Wallet”. This means that the creditors will receive all the digital assets held in Zipmex’s wallet, which will be used to pay off their outstanding debts.

However, this plan is conditional on the approval of the creditors, and they have until February 21, 2023, to vote on the plan. The company has stated that the plan must be approved by the majority of the creditors, to move forward with its proposed solution.

The new plan could be positive news for both the company and its creditors. If the plan is approved and the pending investment transaction is completed, it could help Zipmex to turn its financial position around and enable the creditors to recover their losses. The company’s proposal also shows its commitment to repaying its outstanding debts and resolve the financial issues it has been facing.

Moreover, the announcement highlights the importance of transparency, good communication and the role of the plan manager in this situation. It shows that Zipmex has taken steps to involve its creditors in the decision-making process and given them a clear timeline, for voting on the new plan. This is important in building trust with the creditors and will help to foster a better working relationship going forward.

In conclusion, Zipmex’s new plan to repay creditors is a step in the right direction. If the plan is approved, it could help to resolve the financial issues the company has faced and enable it to move forward with greater stability.

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