Business · Companies · 3 hrs ago
Oncoclínicas secures creditor support to seek approval of recovery plan
Oncoclínicas has secured the required creditor quorum for its recovery plan.
The company announced this on October 30.
The plan is an out-of-court recovery plan, meaning it is being pursued outside a court-led recovery process.
Reaching the quorum allows the company to move ahead with a request for formal approval of the plan.
The announcement does not say whether that approval has been granted.
The next step is for Oncoclínicas to seek approval of the plan.
Oncoclínicas said it secured enough creditor support to continue seeking court approval of its out-of-court recovery plan.
The company said creditors holding more than R$3.5 billion in its debt had supported the plan.
That represents 61.6% of the eligible claims, exceeding the required threshold of more than half.
The claims covered by the process total about R$5.7 billion, excluding intercompany claims.
The approval request will proceed before a bankruptcy and judicial recovery court in São Paulo.
- Who
- Oncoclínicas and creditors holding more than R$3.5 billion in company debt.
- What
- The company obtained enough creditor support to continue seeking court approval of its out-of-court recovery plan.
- When
- Friday, October 30, 2026.
- Where
- The request will go before the 3rd Bankruptcy and Judicial Recovery Court of the Central Civil Forum in São Paulo.
- Why
- Creditor support reached the threshold required under Law No. 11,101/2005.
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- Creditor support
- 61.6% of eligible claims
- Supported debt
- More than R$3.5 billion
- Claims covered
- About R$5.7 billion, excluding intercompany claims
- Court
- 3rd Bankruptcy and Judicial Recovery Court, Central Civil Forum, São Paulo
- Legal threshold
- More than half of eligible claims under Law No. 11,101/2005