Colombian Consumer Lender Hits Ch. 11 To Trim $55M Of Debt

By Clara Geoghegan · May 16, 2024, 12:45 PM EDT

Colombian consumer lending giant Credivalores-Crediservicios filed for bankruptcy in New York on Thursday, with a prepackaged Chapter 11 plan to cut $55 million from its balance sheet and emerge from bankruptcy...

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Bankruptcy Scorecard

Summary

Colombian consumer lending giant Credivalores-Crediservicios filed for Chapter 11 with a prepackaged plan to cut $55 million from its balance sheet and emerge from bankruptcy swiftly.

Case Number

24-bk-10837

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$307.5 million

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