Mexican Grocery Giant Files For Ch. 15
third-largest grocery operator, has filed a Chapter 15 petition in New York, seeking bankruptcy shelter while it completes a major restructuring in the Mexican courts.
The company lodged the petition Friday in the U.S. District Court for the Southern District of New York, listing both assets and liabilities over $1 billion. The Chapter 15 filing comes days after the company lodged a prepackaged reorganization plan in Mexico.
CCM also filed a request for a temporary restraining order Friday, seeking...
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