The role of judicial administrators in the Conversion of RJ into Bankruptcy
By Vitor Antony Ferrari The Judicial Administrator plays a fundamental role in the process of converting a judicial recovery into bankruptcy. The conversion occurs when the company in the process of judicial recovery is unable to comply with the recovery plan or the conditions established by law, which leads to the conversion of the recovery process into a […]
Petrópolis Group: judicial recovery diary
By Vitor Antony Ferrari, Ivan Kubala and Nicoly Crepaldi Minchuerri* As was widely reported by both the specialized press and the mass media, Grupo Petrópolis, a beer group responsible for producing labels such as “Itaipava”, “Petra” and “Lokal”, filed a request for judicial recovery with the Business Court of the city of Rio de Janeiro […]
Suspension of sale of MMX debentures
By: Vitor Ferrari and Ivan Kubala The Superior Court of Justice has suspended the sale of debentures from the bankrupt estate of the mining company MMX Sudeste, owned by businessman Eike Batista. As a result, the judicial recovery process, which seemed to be flowing, has once again stalled, greatly worrying creditors, who fear they will not receive their credits any time soon, […]
Alternative plans in the bankruptcy process.
By: Vitor Ferrari, Ivan Kubala. It has become commonplace to see creditors or even debtors presenting plans to direct the liquidation of assets or reorganize payment methods within bankruptcy proceedings. After the change in law 11.101/05, the ultimate goal of bankruptcy becomes the rapid liquidation of companies whose business activity […]
Self-bankruptcy
By: Vitor Antony Ferrari, Ivan Kubala If there is no possibility of maintaining a business activity, bankruptcy ends up being the judicial procedure for the immediate liquidation of the debtor, with the objective of reallocating any assets of the bankrupt company to other production chains. With the amendment of Law No. 11,101/05, the Brazilian bankruptcy procedure was abruptly modified, […]