Chapter 7 Bankruptcy Proceeding

Represented Jose Maria Xacur in his 12-year struggle to obtain dismissal of an involuntary Chapter 7 proceeding instituted against Sr. Xacur, a Mexican citizen, by seven Mexican banks in Houston, Texas. Senor Xacur was able to resolved hundreds of millions of dollars of liability related to dollar-dominated debt incurred prior to the peso devaluation in the 1990s. the Chapter 7 proceeding was pending for more than 12 years in Houston, Texas, after numerous unsuccessful attempts by the Chapter 7 Trustee to enforce remedies in Mexico.

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