Bankruptcies in the third quarter of 2021 in Mexico.
During the third quarter of 2021, 4 bankruptcy petitions were filed, notified and registered in the files of the Federal Insolvency Institute.
Altan Redes, SAPI de CV (Altan).
Altan, a telecommunications company, filed for voluntary bankruptcy at the reorganization stage on July 14, 2021, in a district court in Mexico City.
Demar Instaladora y Constructora, SA de CV (Start).
Demar, a company dedicated to the design, supply, construction, installation, maintenance and services for the petroleum industry, both onshore and offshore, has been sued for an involuntary bankruptcy petition in a court of district of Mexico. The involuntary request was granted on July 5, 2021.
Escato de CV Group (Escato).
Escato, a holding company dedicated to office furniture (including lighting) and the manufacturing industry, has been sued over an involuntary bankruptcy claim in a Mexico City district court. The involuntary request was granted on August 26, 2021.
Industrias Riviera, SA de CV (French Riviera).
French Riviera, a company dedicated to office furniture (including lighting) and the manufacturing industry, filed a voluntary bankruptcy petition at the reorganization stage on September 20, 2021, in a district court in Mexico City.
None of the above-mentioned debtors have yet been subject to bankruptcy.
For more information on bankruptcy law in Mexico, my book “Bankruptcy Law in Mexico”, written in English, is available at https://works.bepress.com/francisco-rodrigueznepote/ 4 /, where it can be downloaded for free. You will also find a complete translation of the legal text there.