Credito Real Announces Chapter 15 Recognition

March 12, 2025, 3:28 PM UTC

US Bankruptcy Court for the District of Delaware confirmed that it will grant the request for recognition of the company’s pre-packaged plan as the main proceeding under Chapter 15 of the U.S. Bankruptcy Code, according to a statement from Credito Real.

  • “The recognition order is a significant milestone in the company’s restructuring process”
  • Measures under the approved plan mark the final stages of the company’s restructuring process, according to the statement

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