MarketsNotableReportedDeveloping
5.0
Fictor Creditors Suspend Assembly; Proposal to Use Fund Receivables to Settle Debts
Valor Econômico·BR·about 8 hours ago
Fictor's creditors will convene in a second-call assembly on Wednesday to vote on the judicial recovery plan, after the first attempt lacked quorum. The group has declared R$4.3 billion in debts, and the outcome will determine the restructuring path. Approval is uncertain given the earlier failure to reach quorum, and rejection could trigger bankruptcy.
Entities