Credito Real Liquidation in Mexico Said to Be Halted by Judge

A judge suspended the liquidation of non-bank lender Credito Real SAB in Mexico at the request of a shareholder, as some of the company’s creditors look for it to file Chapter 11 bankruptcy in the US.

The shareholder had argued the liquidation didn’t safeguard their rights to proper access to justice, according to three people familiar with the matter and documents seen by Bloomberg.

Angel Francisco Romanos Berrondo, who stepped down as chief executive officer last year, had won an order to liquidate the payroll lender in June, setting the stage for a legal brawl over the best way ...