Mexico’s Credito Real requests to enter U.S. Chapter 15 bankruptcy procedure

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Published: Jul 19, 2022, 19:37 UTC

MEXICO CITY (Reuters) - Mexico's Credito Real said on Tuesday it had requested to enter the U.S. Chapter 15 bankruptcy procedure as the company struggles to meet its financial obligations.

Mexico’s Credito Real requests to enter U.S. Chapter 15 bankruptcy procedure

MEXICO CITY (Reuters) – Mexico’s Credito Real said on Tuesday it had requested to enter the U.S. Chapter 15 bankruptcy procedure as the company struggles to meet its financial obligations.

In a securities filing, the company also said the Mexican units of Banco Santander and BBVA requested precautionary measures to secure assets, bank accounts and trust rights in a Mexico City court.

(Reporting by Carolina Pulice, Valentine Hilaire and Kylie Madry)

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