Business · Companies · 1 hr ago
Brazilian firms may turn to restructuring as debt pressures persist
Brazilian restructuring specialists expect more companies to seek debt relief in the coming months.
They say many businesses waited for the presidential election before making major decisions, and may now act.
By early October, nearly 7,000 companies had filed for court-supervised restructuring, more than 4,000 had filed for bankruptcy, and 54 had sought out-of-court restructuring; all were record numbers.
Wind-turbine blade supplier Aeris has filed for an out-of-court restructuring with R$1.6 billion in debt.
Specialists say uncertainty after Lula’s re-election, concern over fiscal policy and high interest rates are adding pressure.
One financier said the rate on futures for 2030 rose above 15%, from 12.5% before the election’s second round, making it harder for companies to refinance debt.
More restructuring cases are expected, but one industry source said some businesses may wait for the new government to clarify who will lead key ministries, including Finance.
Specialists say effective procedures, legal certainty and access to new funding will be important to help businesses restructure.
Brazilian restructuring specialists expect judicial and out-of-court restructuring filings to rise in the coming months.
They say uncertainty after President Luiz Inácio Lula da Silva’s re-election and persistently high interest rates are adding to pressure on companies.
By early October, nearly 7,000 companies had filed for judicial recovery, more than 4,000 bankruptcies had been recorded, and there were 54 out-of-court recovery cases; all were record figures.
Wind-turbine blade supplier Aeris filed for out-of-court recovery this week with debt of R$1.6 billion.
One technical source said companies should wait longer for clarity on who will lead key ministries in the new government.
- Who
- Brazilian companies facing debt pressure, including wind-turbine blade supplier Aeris.
- What
- Specialists expect more judicial and out-of-court restructuring filings in the coming months.
- When
- The report was published on November 6, 2026; Aeris filed this week.
- Where
- Brazil.
- Why
- Specialists cite economic uncertainty after Lula’s re-election and high interest rates, which make it harder for companies to refinance debt.
Restructuring specialists
Anonymous technical source
Timing of decisions
Restructuring specialists
Specialists say companies that had waited for the presidential election result may now move ahead with restructuring decisions.
Anonymous technical source
The source says companies should wait longer for clarity on who will lead key ministries, including the Finance Ministry.
Nearly 7,000 companies had filed for judicial recovery, more than 4,000 bankruptcies had been recorded, and there were 54 out-of-court recovery cases.
Lula was re-elected, and specialists said uncertainty about fiscal policy and interest rates had increased.
Aeris filed for out-of-court recovery with debt of R$1.6 billion.
The story was published on Broadcast+.
- Aeris debt
- R$1.6 billion
- Judicial recovery filings
- Nearly 7,000 by early October
- Bankruptcies
- More than 4,000 by early October
- Out-of-court recovery cases
- 54 by early October
- Future interest rate for 2030
- Above 15%, compared with 12.5% before the election’s second round
- Publication date
- November 6, 2026
What people are saying
With the result of the election, it is possible that new companies will move forward with these decisions in the coming months, including new judicial recovery filings adding to the significant volume of cases we follow daily.
Future interest rates went above 15% for 2030, compared with 12.5% before the second round.
The credit market is an essential part of the solution, not just an outside agent in the recovery process.
I believe the ideal is for companies to wait a little longer so that, after these decisions, they can make a more reasonable choice.