Tuesday, June 3, 2014

AIFOS presents in the Court their proposal for an agreement with creditors

June 3rd. 2014 AIFOS´s administrators presented in the Court their proposal to get an agreement with creditors. They want to pay just 50% of the debt, but creditors should wait until 2023 to get part of this money. They did a bussines plan to continue with the activity, but they did not publish any updated balance to show this is possible. Some of the creditors want to get another agreement, where they are ready to change part of the debt for company´s shares, instead of this agreement where they would lose 50% of the money. This alternative is possible if 20% of the creditors agree to present it to the Court and discuss it in the Creditor´s meeting to be celebrated maybe in September.