Mexico

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Mexico Flagship Airline Mexicana Declared Bankrupt

Mexicana airlines, which suspended flights four years ago due to its heavy debt load, was declared bankrupt on Friday, paving the way to dismantle the iconic company, once one of Mexico's top two carriers, Reuters reported. About 30 investors sought ...

Daily Headline - global.abi.org - 04/06/2014 - 22:29 - 0 comments

Mexico Homebuilder Geo Files For Bankruptcy

Mexican homebuilder Geo , which has struggled with a heavy debt load and slumping home sales, has filed for bankruptcy after gaining the support of the majority of its creditors, Reuters reported. Geo, once Mexico's biggest homebuilder with sales of ...

Daily Headline - global.abi.org - 03/20/2014 - 22:12 - 0 comments

Mexico's Geo to File for Bankruptcy

Home builder Corporación Geo SAB is preparing to file for bankruptcy protection in Mexico as early as Thursday to restructure a roughly $1.5 billion debt load that has brought its output to a near-standstill, people familiar with the company's plans ...

Daily Headline - global.abi.org - 03/13/2014 - 23:32 - 0 comments

Mexico's Maxcom Files For Bankruptcy, Pursues Ventura Deal

Maxcom filed for pre-packaged Chapter 11 bankruptcy in a U.S. court, legal filings showed, as the Mexican telecoms firm pursues a recapitalization plan that would give full control to a investor group led by private equity firm Ventura Capital, Reuters r ...

Daily Headline - global.abi.org - 07/25/2013 - 00:53 - 0 comments

Mexican Homebuilder Geo Says Lenders Reject Bank Creditor Deal

Some local lenders to Mexican homebuilder Geo voted against signing an agreement the company recently reached with its major bank lenders to restructure its debt, according to a statement on Monday with Mexico's stock exchange, Reuters reported. The ...

Daily Headline - global.abi.org - 07/16/2013 - 00:40 - 0 comments

Mexico Housing Bust Bruises Investors, Buyers

Home buyers and investors are turning their backs on Mexico's low-income housing darlings, bringing a government-fueled boom that lasted more than a decade to a screeching halt. Scores of new homes in far-flung communities sit empty, while banks hav ...

Daily Headline - global.abi.org - 05/29/2013 - 22:24 - 0 comments

Mexico's Homex Says Some Creditors Could Seek Early Payment

Creditors of struggling Mexican homebuilder Homex could seek accelerated payment of the company's debt after Homex missed payments on derivative positions, according to a filing on Wednesday, Reuters reported. Failure to meet payments due on derivat ...

Daily Headline - global.abi.org - 05/22/2013 - 20:36 - 0 comments

In Mexico, Troubling Times

Mexican home builders and their creditors have been hiring U.S. bankruptcy lawyers and other advisers, as the companies struggle with mounting debt obligations, The Wall Street Journal reported. Two of the country's leading builders—Urbi Desarro ...

Daily Headline - global.abi.org - 05/15/2013 - 21:08 - 0 comments

Mexico Seeks Easier Foreclosures, Cheaper Loans

Mexico's government proposed a sweeping overhaul of the banking sector Wednesday to make credit cheaper and more available, a move desperately needed in a country where bank loans represent less than 20 percent of GDP - one-tenth the level seen in t ...

Daily Headline - global.abi.org - 05/08/2013 - 21:48 - 0 comments

Complex Cross-Border Bankruptcy Issues (Chapter 15)

Complex Cross-Border Bankruptcy Issues (Chapter 15) (2013 ABI New York City Bankruptcy Conference) - Alan W. Kornberg, Kenneth A. Buckfire, Hon. Martin Glenn, Gary L. Kaplan, Madlyn Gleich Primoff, Glenn E. Siegel (Chapter 15, Mexico, North Ame ...

Resource Article - abi_editor - 05/08/2013 - 16:38 - 0 comments - 0 attachments

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