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Court approves application of Desarrolladora Homex for insolvency proceedings

Tuesday, 10 Jun 2014 01:53pm EDT

Desarrolladora Homex SAB de CV:First District Court in state of Sinaloa, via order dated June 6, approved request of company to be declared in insolvency proceedings with restructuring plan.

Corporacion Geo enters bankruptcy protection-Reuters

Sunday, 20 Apr 2014 08:00pm EDT

Corporacion Geo SAB de CV:Enters bankruptcy protection after judge accepted its filing for restructuring-Reuters.Company to seek to replace most of its about $1 billion in debt with stock.Geo presented its bankruptcy proposal jointly with Banamex, Banorte, Santander, Inbursa and BBVA Bancomer.

Commercial Court In Madrid Declares Voluntary Insolvency Of Reyal Urbis SA-Reuters

Monday, 4 Mar 2013 10:00am EST

Reuters reported that the Commercial Court No. 6 in Madrid has declared a voluntary insolvency of Reyal Urbis SA. The Company has liabilities of EUR 4,345 million, compared to the total assets of EUR 2,621 million. After four months of fruitless negotiations with the Company’s creditors, Reyal Urbis SA announced on February 19, 2013 that it was filing for insolvency.

Reyal Urbis SA Files For Insolvency-Reuters

Tuesday, 19 Feb 2013 02:32am EST

Reuters reported that Reyal Urbis SA announced that it was filing for insolvency after failing to renegotiate debt with its creditors.

Reyal Urbis SA Nears Bankruptcy As Banks Reject Debt Plan-Reuters

Friday, 15 Feb 2013 11:43am EST

Reuters reported that Creditors of Reyal Urbis SA rejected the Company's EUR 3.6 billion (USD 4.8 billion) debt restructuring proposal. Reyal Urbis SA had until February 23, 2013 to reach an accord with its lenders or begin bankruptcy proceedings, a deadline set by the courts. The Company's creditors include Santander, BBVA, Bankia and Banco Popular. Reyal Urbis said in October 2012 if it could not reach an agreement with its creditor banks it might need to seek creditor protection.

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