Urbi is considering a filing under Mexico's bankruptcy law, some people familiar with the situation said.
WSJ: Two Mexican Home Builders Hire Advisers Amid Debt Concerns
Pangaro likes Urbi Desarrollos Urbanos, which builds a mix of low-income and middle-class housing.
Paul Hastings LLP is serving as U.S. counsel for Urbi, a spokeswoman confirmed.
WSJ: Two Mexican Home Builders Hire Advisers Amid Debt Concerns
In his Urbi et Orbi (To the city and the world) speech, Pope Francis began with a simple "Happy Easter!"
He will then lead six more liturgies during the week, culminating with the Easter Sunday Mass and Urbi et Orbi blessing.
The Urbi et Orbi, which means "to the city and the world", is a customary part of Christmas for Roman Catholics.
On Easter Sunday morning, the new Pope will deliver his first "Urbi et Orbi" message to the city of Rome and to the world.
Chapter 11 wouldn't be an option for either Urbi or Geo since they don't hold U.S. assets or have U.S. operations, these people said.
WSJ: Two Mexican Home Builders Hire Advisers Amid Debt Concerns
Urbi said in mid-April it hired investment bank Rothschild Inc. to help review its finances and analyze alternatives to improve liquidity and restructure financial liabilities.
WSJ: Two Mexican Home Builders Hire Advisers Amid Debt Concerns
Debtwire had earlier reported that Urbi was working with Paul Hastings.
WSJ: Two Mexican Home Builders Hire Advisers Amid Debt Concerns
Pope Benedict XVI has called for a political solution to the violence in Syria during his Christmas message, the Urbi et Orbi, in Vatican City.
Urbi and Geo, which both trade publicly on the Mexican Stock Exchange, together have built more than a million homes over the years, according to their websites.
WSJ: Two Mexican Home Builders Hire Advisers Amid Debt Concerns
The Holy Week celebrations will culminate on Easter Sunday with the pope's first "Urbi et Orbi" blessing, directed to the city of Rome and to the world.
The Holy Week services will culminate on Easter Sunday with the pope's first "Urbi et Orbi" blessing, directed to the city of Rome and to the world.
Urbi said recently that concerns over shifts in the home-building sector also led to the cancellation of credit lines in recent months, forcing the builder to use cash reserves to cover payments.
WSJ: Two Mexican Home Builders Hire Advisers Amid Debt Concerns
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