Mexico City /
the mexican moneylender Real Creditwhich last year filed for Chapter 15 bankruptcy in the United States, reported that executed the sale of its automotive loan portfolio as part of their liquidation process.
“As part of the liquidation process to which it is subject, the sale of its automotive loan portfolio was consummated,” the financial institution reported in a statement to the Mexican Stock Exchange.
At the end of March, the company Crédito Real said that a United States judge authorized the sale of its subsidiary in that country to Bepensa Capitalwithin the framework of the bankruptcy process in which the non-bank financial company has been immersed since last year.
The sale of Crédito Real USA Finance (CRUSAFIN) to Bepensa Capital, also Mexican, was authorized by a judge of a bankruptcy court of the district of Delaware, reported in a statement without providing details on the amount of the operation.
Specialized in granting loans to the low-income population, Crédito Real requested in July to benefit from the chapter 15 of the bankruptcy law of the northern neighboring country as part of a restructuring.
Crédito Real is a Mexican financial institution with a presence in the United States, Costa Rica, Panama, Nicaragua and Honduras, focused on granting credit with a diversified business platform.
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