Economy Politics Local 2025-11-26T01:39:07+00:00

Court in Buenos Aires declares historic radio station bankrupt

Argentina's National Commercial Court has declared Radiodifusora del Plata S.A. bankrupt due to repeated breaches of its agreement with creditors. The court ordered the seizure of assets and barred the company president from leaving the country.


Court in Buenos Aires declares historic radio station bankrupt

Buenos Aires, November 25 (NA) – The National Commercial Court No. 19 declared the bankruptcy of Radiodifusora del Plata S.A., after verifying repeated breaches of the agreement homologated in the framework of the preventive proceedings opened in 2019. According to information from the Argentine News Agency, the judicial resolution, dated November 25, 2025, ordered the bankruptcy of the historic broadcaster based in the Autonomous City of Buenos Aires, and ordered the immediate general restraint of assets, the prohibition of payments and delivery of assets to the bankrupt company, as well as the prohibition of the company's president, Jorge Julián Cerezo, from leaving the country. An official report focuses on Ricardo Bruzzese for not entering dollars from sales abroad. The ruling came after the company failed to respond to multiple requests to regularize its payments to creditors. Furthermore, several bankruptcy petitions filed by individuals and companies, such as Fernández, Martín Jorge; Daniel Edgar Lineares; Mariana Bergthein; and Prevención ART S.A., reinforced the picture of non-compliance. In its resolution, Judge Gerardo D. Santicchia considered that the continuity of the accounting firm Mendoza V.–Rudi C. y Asociados as trustee was convenient due to its previous experience in the proceedings, and for the benefit it represents for the procedural economy and the mass of creditors. Among the measures ordered by the court were the closure of the company's headquarters and local offices, the inventory of assets, the seizure of documentation, and the issuance of official requests to various bodies, including IGJ, the Central Bank, and ENACOM. A deadline of February 20, 2026, was also set for creditors to file their credit verification claims, and deadlines were established for the trustee to submit reports. The company, registered in 2004 with the General Inspection of Justice, was in operation at the time of the bankruptcy declaration and had a large number of pending labor credits.