ADN bankrupt?

[NewsWhore]

The National District municipality (ADN) is claiming that if they pay the RD$509 million in debt accrued by the FENATRANO bus union, they will have to file for bankruptcy. The Banco de Reservas has given the ADN a 45-day period to make the payment. ADN secretary general Domingo Contreras and the Judicial Consultant explained that BanReservas general administrator Daniel Toribio notified the union that the payment of the debt could not be extended. Contreras, legal consultant Joaquin Lopez and Desiderio Arias, director of the Defense and Use of Public Spaces Office are all urging FENATRANO director Juan Hubieres to pay the loan as he had promised. Contreras said that if the ADN pays the loan on behalf of FENATRANO they would have to sacrifice infrastructural projects.

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