Insolvency Tribunal (Mexico)

The Insolvency Tribunal in Mexico is a specialized court that handles cases related to financial distress of businesses and individuals. Its main role is to oversee insolvency proceedings, which involve restructuring or liquidating debts when parties cannot pay what they owe. The tribunal ensures a fair process, balancing the interests of creditors and debtors, and aims to promote economic stability and orderly resolution of insolvencies. It operates under Mexican bankruptcy and insolvency laws, guiding the legal steps needed to either reorganize a struggling entity or facilitate its financial liquidation.