Manisur Surrenders to the Crisis: He Called for His Own Bankruptcy and Left a $20.337 Million Debt
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The company Cordobesa Manisur, which had been going through a preventive contest since 2019, formally applied for bankruptcy before the Court of La Carlota because it could not face the quota of the agreement with its creditors that expires on October 10. It denounced that it was “without productive activity, without raw material, without financing and in default of payments”. [...]
The main source of work of Santa Eufemia, Córdoba, has declared before the Justice a situation of insolvency that has qualified as “definitive and irremediable”. The company accumulates a liability of $20,337 million and has not been able to face the fourth quota of its insolvency agreement.
The firm, based in Santa Eufemia, Córdoba, has 90 employees and exported peanuts to Europe, Asia, America and other markets. The company declared a situation of “definitive and irremediable insolvency” and attributed the collapse to a strong financial deterioration and lack of raw material.
The company attributes the deterioration of its situation to the lack of raw material, the lack of financing and a sharp drop in its results. Read more
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