Bankruptcies during the second trimester of 2021 in Mexico. – Lexology

During the second trimester of 2021, 9 petitions in bankruptcy were filed, notified, and registered on the Federal Insolvency Institute's records.

ABC Aerolneas, S. A. de C. V. (Interjet).

Although Interjet announced its plan to file a voluntary petition in bankruptcy, a creditor filed an involuntary petition against the airline before a District Court in Mexico City. The involuntary petition was admitted on Abril 24, 2021 and Interjet appeared voluntarily to be served to process on June 21, 2021.

Desarrolladora Inmobiliaria Hotelera Playa Mujeres, S. A. de C. V. (Hotelera).

Hotelera, a development company, was sued for an involuntary petition in bankruptcy brought by three creditors before a District Court in Quintana Roo. The involuntary petition was admitted on June 8, 2021.

Drebbel de Mxico, S. de R.L. de C.V. (Drebbel)

Drebbel, a company that provides offshore integral inspection, construction, and trenching services for the oil and gas industry, was sued for an involuntary petition in bankruptcy brought by three creditors before a District Court in Campeche. The involuntary petition was admitted on March 29 but notified to the Federal Insolvency Institute in April 2021.

Impulsora Promobien, S. A. de C. V. (Promobien).

Promobien, a subsidiary company of Famsa (also in bankruptcy), filed a voluntary petition in bankruptcy in the reorganization stage on May 26, 2021, before a District Court in Nuevo Len.

Industrial Elctrica San Agustn, S.A. de C.V. (Elctrica San Agustn)

Elctrica San Agustn, an electric machinery company, filed a voluntary petition in bankruptcy in the reorganization stage on June 11, 2021, before a District Court in Tamaulipas.

Procesadora de Cermica de Mxico, S. A. de C. V. (Procesadora)

Procesadora, a company pertaining to the China & Earthenware Plumbing Fixture Manufacturing Industry, has been sued to an involuntary petition in bankruptcy brought by a Mexican bank before a District Court in Guanajuato. The involuntary petition was admitted on May 4, 2021.

Tecmasat Digitalizacin, S. A. de C. V. (Tecmasat)

Tecmasat, a document digitalization company, filed a voluntary petition in bankruptcy in the liquidation stage on April 20, 2021, before a District Court in Mexico City.

Textiles Romatex, S. A. de C. V. (Textiles Romatex)

Textiles Romatex, a textile and clothing company, filed a voluntary petition in bankruptcy in the liquidation stage on April 30, 2021, before a District Court in Estado de Mxico.

Vctima de la Moda, S. A. de C. V. (Vctima)

Vctima, a clothing retail company, filed a voluntary petition in bankruptcy in the liquidation stage on March 23, 2021, before a District Court in Estado de Mxico. The petition was admitted on March 25 but notified to the Federal Insolvency Institute in April 2021.

None of the abovementioned debtors has been adjudicated in bankruptcy yet.

For further information about bankruptcy law in Mexico, my work "Bankruptcy Law in Mexico", written in English, can be accessed at https://works.bepress.com/francisco-rodrigueznepote/4/, where it can be downloaded freely. A complete translation of the legal text can be found there, as well.

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Bankruptcies during the second trimester of 2021 in Mexico. - Lexology