Miss Spain Organizer Files For Insolvency
MADRID (AP) â¿¿ The company which organizes the Miss Spain beauty contest has filed for protection from creditors, the latest victim of the country's crippling economic crisis.
Spain's official state gazette said Wednesday that Certamen Miss Espana S.L. had declared insolvency and would have a month to present its debts. The company could not be immediately contacted for comment.
The Miss Spain competition has struggled economically for several years and was not held last year.
The country is struggling to emerge from its second recession in three years following the collapse of the construction sector. The unemployment rate is 26 percent.The announcement came a day after a major real estate developer, Reyal Urbis, also filed for protection from creditors, the biggest since top developer Martinsa-Fadesa filed for protection in 2008.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts