US EditionTv Azteca Requests a Commercial Contest to Clean up Its Finances
24 Articles
24 Articles
Mexican television network’s debt to US creditors reaches $600 million
El Financiero
unomásuno.com.mxThe company reported that it cleared the full tax payment to the SAT in January, representing a financial impact.
Reforma
mural.com.mxTV Azteca announces that to present in the pr ximos d a contest mercantile voluntary to seek to heal their finances and to reorder debts.
The companies of Ricardo Salinas Pliego live their lowest hours. TV Azteca’s defeat against the public Treasury, after two decades fighting its debts in the courts, has given the company the final blow at a time when it was still dragging the blow that the pandemic represented for the economic sector. The business tries to recover and avoid a potential bankruptcy, and will request in the next few days a voluntary commercial contest to reconvert …
• The measure was approved by the Shareholders' Assembly as part of a comprehensive reorganization strategy.• The company argues financial pressures accumulated by licenses, pandemics, international debt and tax payments.• The company assures that it will continue to operate normally during the process. TV Azteca announced that in the coming days it will formally submit a request for voluntary commercial competition, with the aim of reorganizing…
This mechanism allows to suspend embargoes and individual executions, giving a space to order the finances and guarantee a fair protection to the creditors The entrance TV Azteca resorts to commercial contest after pressure for debts was first published in La Voz de Michoacán.
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