Comercial Mexicana Files Chapter 15

Comerci, a supermarket chain, has filed for Chapter 15 bankruptcy protection in the United States. According to court documents, it is going to be restructuring. With its debt restructuring plan, it is going to try to repay creditors about $1.5 billion over eight years. It is looking to the court to issue a restraining order to prevent creditors from initiating lawsuits against the company so as to not threaten the reorganization.       

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