Digital comics company Madefire suspends operations and lays off all employees – GamesRadar

The comics-centric technology company Madefire has suspended operations and is in the process of liquidating its assets. A former employee tells Newsarama that all Madefire employees and contracts have been laid off.
In a notice posted on its website, Madefire states it has “entered into an assignment for the benefit of creditors (the “Assignment”), which is a state-level insolvency proceeding similar to bankruptcy.”
(Image credit: Madefire)
An assignment for the benefit of creditors (ABC) is an…

Click here to view the original article.