Technology
Digital comics company Madefire suspends operations and lays off all employees – GamesRadar
And what it means if you read comics via the Madefire app
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…
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