Mexico homebuilder Geo presents pre-packaged bankruptcy plan

MEXICO CITY, March 20 Thu Mar 20, 2014 7:44pm EDT

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MEXICO CITY, March 20 (Reuters) - Mexican homebuilder Geo , which has struggled under a heavy debt load and slumping home sales, on Thursday said it had filed for a pre-agreed bankruptcy with the support of the majority of its creditors.

Geo, once Mexico's biggest homebuilder with sales of 55,485 homes in 2012, stopped making debt payments last year. (Reporting by Gabriela Lopez; Editing by Dave Graham)

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