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Telecommunications Firm Vivaro Files for Chapter 11

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Telecommunications company Vivaro Corp., which says it's the largest provider of voice communications services between Mexico and the U.S., filed for chapter 11 protection on Wednesday, Dow Jones DBR Small Cap reported today. Vivaro's primary business is selling prepaid calling cards to Hispanic customers in the U.S., under the Digame, Mi Carnal, El Chavo and Eroika brands. Established in 2000 and based in New York City, Vivaro claimed between $50 million and $100 million in assets and between $100 million and $500 million in liabilities in its bankruptcy petition.