Unifin enters into bankruptcy

“The conciliation stage is declared open for 185 calendar days, counted from the day on which the last publication in the Official Gazette of the Federation of this resolution is made, based on the provisions of article 145 of the Law on the matter”, says the ruling released by the Federal Institute of Commercial Bankruptcy Specialists of the Federal Judicial Council this Thursday.

The sentence includes Unifin Autos, Unifin Credit and Unifin Financiera.

Unifin surprised on August 8 by announcing that it stopped paying interest and principal on its debt, as well as the start of a restructuring process, for which reason it was already negotiating with creditors.

Until the second quarter of the year, it had profits of 35 million pesos, but it could not meet its obligations and its restructuring process finance will be led by Rodrigo Lebois .

What is Unifin and who owns it?

Unifin is registered with the National Banking and Securities Commission (CNBV) as an unregulated Multiple Purpose Financial Company (Sofom).

Dedicated to leasing, the granting of automotive loans and fleet management, Unifin also provides financing to SMEs. He has more than 29 years in the Mexican financial sector and since 2015 has been listed on the Mexican Stock Exchange (BMV).