A São Paulo court cleared the Braskem extrajudicial recovery for processing on 28 August 2026, freezing claims on US$10.9 billion of debt.
Brazil · RESTRUCTURING
Key Facts
—Ruling The São Paulo bankruptcy court admitted the Braskem extrajudicial recovery on 28 August 2026.
—Debt About US$10.9 billion of unsecured financial debt sits inside the case.
—Support Creditors holding 39.6 percent of that debt had signed when Braskem filed.
Brazilian petrochemical giant Braskem files for extrajudicial recovery to restructure US$10.9 billion in financial debt. No asset…
Braskem won a sixty-day court order pausing creditor seizures while it negotiates a nine-billion-dollar debt overhaul. Here is…
Braskem files out-of-court restructuring covering US$10.9 billion in Brazil. Creditors back the plan while Petrobras negotiates a…
Braskem could file for an out-of-court restructuring of more than US$10 billion in debt by a 24 August deadline, as creditors…
Decisão suspende todas as execuções em curso contra a Braskem e subsidiárias por 120 dias
Decisão ratificou a suspensão por 120 dias de todas as execuções em curso contra a companhia por credores sujeitos à recuperação…
