During the first week of January we told you that the Chilean video game store and other related products, Microplay, had started a bankruptcy process, closing all its stores around the country. Process that, according to the company, occurred due to “circumstances external to the company and that led them to accumulate several debts, all caused by a sharp drop in sales and the increase in the price of the dollar”, they will not be able to continue with the company Microplay SA
You can read: Microplay begins BANKRUPTCY process: All its stores have closed and its workers have already been informed
And now it has been reported that the 11th Civil Court of Santiago rejected the start of the bankruptcy process since, according to its resolution, Microplay has the necessary money to pay its debts. In this resolution, Judge Patricio Hernández indicates that “the applicant debtor has declared that there are no pending lawsuits with patrimonial effects against her, and, consequently, she does not comply with the provisions of numeral 3 of article 115 of law 20,720” .
“For these considerations, legal regulations cited and, in addition, the provisions of article 115 of Law No. 20,720, it is decided: There is no room for the request for voluntary liquidation of the debtor company,” says the judge.
Microplay’s reactions to this news are still unknown, so we will be attentive to see if they issue any type of statement about the resolution and how it will affect their employees above all. You can read the document of the 11th Civil Court of Santiago in this link shared by El Mostrador.
Editorial: Gaming / Facebook / Twitter / Coverage / Instagram / Discord
(FUENTE)
