Best Bankruptcy Lawyers in Mexico City

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Muhammad Mustansar Zia

Muhammad Mustansar Zia

Mexico City, Mexico

Founded in 2014
10 people in their team
English
Spanish
ATTORNEY AT LAWMUHAMMAD MUSTANSAR ZIAMaster of Laws LLMCRIMINAL LAW (Specialization) PENALHave you been convicted of an offence you didn't commit? If you pleaded not guilty at trial and were convicted you can appeal the conviction and or sentence if you can show that something went 'wrong' at...
Von Wobeser y Sierra, S.C.

Von Wobeser y Sierra, S.C.

Mexico City, Mexico

Founded in 1986
5 people in their team
English
Von Wobeser y Sierra, S.C. is a distinguished law firm renowned for its comprehensive legal services across a wide array of practice areas. With a rich history in the legal landscape, the firm combines deep-rooted expertise with a commitment to achieving exceptional results for its clients. Their...
CDAbogados

CDAbogados

Mexico City, Mexico

Founded in 2020
3 people in their team
English
CDAbogados is a modern law firm that challenges the traditional mold of legal practice in Mexico by offering dynamic, efficient, and comprehensive solutions in both litigation and transactional matters. The firm specializes in five key practice areas: Arbitration, Litigation and Dispute Resolution;...
Toledo, Sánchez Abogados, S.C.

Toledo, Sánchez Abogados, S.C.

Mexico City, Mexico

Founded in 2020
3 people in their team
English
Toledo, Sánchez Abogados, S.C. is a distinguished law firm located in Cuajimalpa de Morelos, Mexico City, at Vasco de Quiroga 3900, Lomas de Santa Fe, Contadero, 01219 Ciudad de México, CDMX, México. The firm operates from Monday to Sunday, 8:00 AM to 8:00 PM, providing comprehensive legal...
De Hoyos Aviles

De Hoyos Aviles

Mexico City, Mexico

Founded in 1964
50 people in their team
English
Spanish
De Hoyos y Aviles is a Mexican Law Firm founded in 1964. Its partners have an overall experience of at least twenty years working on real estate and commercial transactions, M&A, and/or complex litigation cases. The firm's partners have an international profile; part of their daily practice is...
Valeriano Y Asociados Abogados Especialistas

Valeriano Y Asociados Abogados Especialistas

Mexico City, Mexico

Founded in 2000
5 people in their team
English
Valeriano y Asociados Abogados Especialistas stands as a beacon of legal excellence, offering specialized services in legal consultancy, notary public services, and comprehensive legal support. Located in Mexico, the firm leverages a robust team of seasoned attorneys who are dedicated to delivering...
Holland & Knight LLP

Holland & Knight LLP

Mexico City, Mexico

Founded in 1968
50 people in their team
Spanish
English
Holland & Knight Expansion Creates Nation's Largest Healthcare Law PracticeHolland & Knight announced the expansion of the firm's Healthcare & Life Sciences Industry Group, a cross-disciplinary team of more than 400 experienced attorneys covering virtually every segment of the...
ILP GLOBAL BITAR ABOGADOS

ILP GLOBAL BITAR ABOGADOS

Mexico City, Mexico

Founded in 2016
3 people in their team
English
ILP Global Bitar Abogados is a renowned law firm specializing in a wide range of legal services, including bankruptcy, general practice, and business management consultation. Known for its formidable expertise in both local and international law, the firm has established a strong reputation for...
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About Bankruptcy Law in Mexico City, Mexico

Bankruptcy law in Mexico City, Mexico provides a legal framework for individuals and businesses facing financial distress. It offers a way to manage overwhelming debts, protect assets, and seek a fresh start. This process is designed to provide relief and fairness to debtors while also considering the rights of creditors. Bankruptcy proceedings in Mexico City are governed by the Federal Bankruptcy Law and administered by specialized courts.

Why You May Need a Lawyer

Seeking legal advice and assistance for bankruptcy is highly recommended in various situations:

  • If you are considering filing for bankruptcy and need professional guidance on the process.
  • If you want to understand your legal rights and options for debt negotiation or restructuring.
  • If you are facing foreclosure or repossession of assets and need assistance in protecting your rights.
  • If you are encountering legal disputes with creditors, such as harassment or unfair practices.
  • If you are unsure whether bankruptcy is the right solution for your financial situation.

Local Laws Overview

Local laws in Mexico City, Mexico that are particularly relevant to bankruptcy include:

  • The Federal Bankruptcy Law: This law outlines the procedures, requirements, and rights of debtors and creditors in bankruptcy cases.
  • The Commercial Code: It covers aspects related to business bankruptcy and reorganization.
  • The Civil Code: This code helps to determine the treatment of personal assets and obligations in bankruptcy cases.
  • The Code of Commerce: It includes provisions concerning commercial bankruptcy and liquidation of business assets.

Frequently Asked Questions

1. Can I keep my assets if I file for bankruptcy?

In Mexico City, bankruptcy laws allow debtors to keep certain essential assets necessary for their livelihood, such as a primary home, work tools, and personal belongings. However, non-essential assets may be used to repay creditors or be subject to sale.

2. How does bankruptcy affect my credit score?

Filing for bankruptcy can have a negative impact on your credit score, making it challenging to obtain credit in the future. Bankruptcy filings may stay on your credit report for several years, but with responsible financial management, you can gradually rebuild your creditworthiness.

3. What types of bankruptcy are available in Mexico City?

Under Mexican law, individuals and businesses can file for bankruptcy under Chapter 11 (Reorganization) or Chapter 7 (Liquidation) bankruptcy. Chapter 11 allows for the reorganization and restructuring of debts, while Chapter 7 involves the sale of assets to repay creditors.

4. Can I file for bankruptcy without a lawyer?

While it is possible to file for bankruptcy without a lawyer, it is highly recommended to seek the assistance of an experienced bankruptcy attorney. A lawyer can guide you through the complex legal procedures, protect your rights, and help you navigate the process more effectively.

5. What debts can be discharged through bankruptcy?

In Mexico City, bankruptcy can discharge various types of debts, including credit card debts, medical bills, personal loans, and business debts. However, certain obligations like child support, taxes, and student loans are generally not dischargeable.

Additional Resources

If you require further information or assistance regarding bankruptcy in Mexico City, these resources can be helpful:

  • National Institute for Consumer Protection (PROFECO)
  • National Banking and Securities Commission (CNBV)
  • Mexico City Bar Association

Next Steps

If you need legal assistance in bankruptcy matters, here are the recommended steps to follow:

  1. Research and identify experienced bankruptcy lawyers in Mexico City.
  2. Schedule a consultation to discuss your specific situation and evaluate the legal options available to you.
  3. Obtain clear information about the lawyer's fees, payment terms, and estimated timeline for your case.
  4. Collaborate closely with your chosen lawyer to gather necessary documents, provide accurate information, and adhere to legal requirements throughout the bankruptcy process.
  5. Regularly communicate with your lawyer, consider their advice, and actively participate in any necessary negotiations or court proceedings.
  6. Follow up on your responsibilities and obligations as outlined by your lawyer to ensure the best possible outcome for your bankruptcy case.
Lawzana helps you find the best lawyers and law firms in Mexico City through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Mexico City, Mexico—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.