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ARTICLE · 27 JANUARY 2016

Debt Collection In Brazil

Felsberg e Associados
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With the Brazilian economy in difficult times, customers and suppliers have reason to be concerned about the future performance by one or another business partner in Brazil.

BrazilInsolvency/Bankruptcy/Re-Structuring
Christian Moritz
Christian Moritz

With the Brazilian economy in difficult times, customers and suppliers have reason to be concerned about the future performance by one or another business partner in Brazil. The most recent development in insolvency proceedings highlights the seriousness of the economic situation of many Brazilian companies: Within the first seven months of 2015 alone, 523 Brazilian companies have been declared bankrupt (regular insolvency) and 627 applied for of court-supervised restructuring proceedings. In contrast, 2014 saw in the same period "only" 427 and 476 cases respectively. It is hence cautiously estimated that there will be a total rise of between 20 – 35% in the number of companies that are insolvent or require judicial restructuring in 2015.

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