1. The provisions hereof shall apply to: a. That companies that are subject to the provisions of Commercial Companies Law; b. Any natural person having the capacity of a trader; and c. Licensed civil company of a professional nature. 2. The provisions hereof shall not apply to: a. The companies wholly or partially owned by the federal or local government, and whose establishment laws, memoranda or articles of association provide that they are subject to special provisions that regulate their preventive settlement, or bankruptcy proceedings to the contrary of this law; b. The companies and establishments established in the free zones that are subject to special provisions that regulate their preventive settlement, or bankruptcy proceedings; c. The banks, financial institutions and insurance companies licensed by the Central Bank and which are subject to special legislation that regulates their preventive settlement, or bankruptcy proceedings, within the scope of the mechanisms established by such legislation; and d. The debtor's debts incurred for personal, family or consumption purposes, including the purchase of commodities or services or the purchase of real property for the debtor's personal or family residence.
Interpretation and application must be checked against the official text and current version.