Seeing the writing on the wall and in the ledgers, in March 1987, Joel Morán Olmos resigned as general manager of Pezca after some five years in that post. By the time the Banco Agrícola Comercial (BAC) intervened in May 1987, the signs of a severe crisis of liquidity were ubiquitous. Subsidized meals for live-in white-collar employees ceased and only seafood was available.1 The company stopped providing shrimp to its unionized workers as a monthly benefit. More seriously, by April, only 10 of the company’s 32 boats were functioning; the others were docked due to a lack of maintenance funds. The company began to fire and lay off fishermen and fell behind in salary payments to all its workers. From January to June 1987, monthly production in the entire shrimp industry dropped from 136 to 26 metric tons as the number of docked fishing boats increased from 37 to 78.