AlphaCredit enters bankruptcy

AlphaCredit enters bankruptcy

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Mexican financial technology firm AlphaCredit has entered bankruptcy proceedings three months after a court rejected its initial filing on technical grounds, it said in a securities filing on Tuesday. AlphaCredit first filed for bankruptcy in December and said in January that it planned to sell its local business within four months from approving a restructuring plan, adding that 29 potential buyers are interested in a deal. The fintech reached an agreement with holders of $700 million in 10% 20

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