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ARTICLE · 27 MARCH 2024

Concurrence Of Creditors

Castillo Castro
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In Mexico, the judicial process of reorganization and/or liquidation of a merchant's company is known as "bankruptcy". It is regulated by the Bankruptcy Law (hereinafter, "LCM")...

MexicoInsolvency/Bankruptcy/Re-Structuring
Santiago Tapia García De Alva
Santiago Tapia García De Alva

En México, al proceso judicial de reorganización y/o liquidación de la empresa de un Comerciante se le conoce como "concurso mercantil". Se encuentra regulado por la Ley de Concursos Mercantiles (en adelante, "LCM"), constando de dos etapas que pueden ser independientes o sucesivas: la conciliación (reorganización) y la liquidación (quiebra).

Curiosamente, a diferencia de otras legislaciones americanas como la estadounidense (Chapter 11 y Chapter 7 del U.S. Code), chilena (ley 20.720 de reorganización y liquidación de empresas y personas), canadiense (ley de quiebras e insolvencia), por citar algunos ejemplos, la ley mexicana incorpora desde su nombre el concepto de "concurso", que, de acuerdo con la Real Academia Española, deriva de la palabra "concurrencia", definida como "conjunto de personas que asisten a un acto o reunión".

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GGI | Global Alliance