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Destinos TV Files For Bankruptcy

José Cortés, owner of Destinos TV, announced Tuesday the opening of a bankruptcy proceeding before the San José Bankruptcy Court. The company went through a series of problems with customers; first, a group of Costa Ricans who tried to travel to the World Cup in...

Court rejects Aldesa Corporación’s judicial intervention

Incomplete financial statements and poor management of communication to creditors motivated the Bankruptcy Court of the First Circuit of San José (Juzgado Concursal del I Circuito de San José) to deny, on March 28, the Aldesa Corporación de Inversiones its request to submit to...

What rural, coastal Puerto Ricans can teach us about thriving in times of crisis

Q FRONT PAGE - Puerto Ricans are searching for solutions to the island’s worst economic and social crisis in a long time. An unprecedented debt level is creating widespread uncertainty about employment and the state’s ability to provide basic services. This crisis is not going...

Payless Closures In The U.S. Does Not Affect Costa Rica

Q COSTA RICA – The Payless ShoeSource filing for Chapter 11 Bankruptcy in the United States will not affect the 28 stores in Costa Rica. The company’s plans are to immediately close nearly 400 stores in United States, Canada and Puerto Rico. En Costa Rica, the...

Yanber Asks Creditors For 10 Year Suspension of Payments To Avoid Bankruptcy

(QCOSTARICA) The manufacturer of flexible packaging and films,  Corporación Yanber, which has a presence in several countries in the region - Costa Rica - Nicaragua - Panama - Guatemala,  and in Puerto Rico and Colombia, has filed for an agreement of suspension of payments in...

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