Steel Mills
August 16, 2016
AHMSA Files for U.S. Chapter 15 Protection after Emerging from Mexican Bankruptcy
Written by Sandy Williams
Mexican steel mill Altos Hornos de Mexico SA (AHMSA) filed a petition on August 16, 2016 for Chapter 15 protection in the U.S. Bankruptcy Court for the District of Delaware.
AHMSA, has ended a drawn out Mexican bankruptcy process that provided court protection to the company for the past 17 years. A payment plan was accepted by the creditors on April 18, 2016 and the Suspension of Payment Proceeding was lifted by the Mexican Court on May 16. The appeal time period for the actions has expired without any opposition and the Lifting Order is a now a final, non-appealable order.
