Doesn’t it take a minute to make a million pesos?
Martinoli’s booth.- TV creditors have asked a court to declare bankruptcy for the company, and let’s see what Ricardo Salinas says about all this.
The petition would have been filed by the creditors (to whom the company owes) before the Bankruptcy Court of the Southern District of NY to declare the insolvency of the company, and with this they can be collected with the assets of the company, a technique also known as “collecting in the Chinese way”.
🔴⚡#ULTIMAHORA Bankrupt? The shares of TV Azteca (@Azteca) opened lower after it became known that its creditors requested that it file for bankruptcy. https://t.co/8sh7a4nbXV
— @diario24horas (@diario24horas) March 21, 2023
The creditors of the television station did not believe that “I pay you next week”
The claim was filed by the funds Plenisfer Investments SICAV-Destination Value Total Returnof Luxembourg; the American Cyrus Opportunities Master Fund II Ltd y Sandpiper Limitedfrom Grand Cayman (yes, TV Azteca is doing business with a company from the Cayman Islands) with the intention of being able to collect more than 63 billion dollars that the company has in debts with these decent companies.
TV Azteca owes more than 63 billion dollars; creditors request that the bankruptcy process be initiated in the US – https://t.co/7ovf2Jkw5E
— Noticaribe (@Noticaribe) March 21, 2023
According to the document with the petition, TV Azteca controlled by Ricardo Salinas Pliego had postponed the payment of a bond coupon due since February 2021, which is why it was also notified by The Bank of New York Mellon, which ordered that he make an “advance” payment of 400 million dollars, but it seems that the president of the national television station did not find out because he kept answering in Twitter.
“The company has maintained a dialogue with the holders of 2024 notes in order to reach a favorable agreement for all parties,” TV Azteca reported before the sword of Damocles fell.
In case you missed it: a girl went to live in the garden of her parents’ house that she dialed to become independent.
