Clipping of news on Brazilian Culture, Law and Citizenship
08/07/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
In July 2012 were registered 200 bankruptcy filings compared to the 158 requests occurred in junho/12 reveals Indicator Serasa Experian Bankruptcy and Recovery. The result of julho/12 is the second largest of the year, second only to the 203 bankruptcy filings recorded in maio/12. In comparison with July of last year, the increase was 19.8% (167 requests made in julho/11).
Of the 200 bankruptcy applications recorded in July 2012, 110 were micro and small enterprises, 50 medium and 40 large companies. Since 2009, bankruptcies have distanced themselves required the court ordered and recovery requirements, characterizing its use as a tool for recovery.
Economists Serasa Experian, the companies still encountering financial difficulties due to a combination of factors: the lower level of economic activity, which makes sales, the impact of default by consumers, who already begins to show signs of reduction, and other companies in the cash flow, credit selection, given the higher risk of default, which especially affects companies with few guarantees, and the devaluation of the real, impacting businesses with debts in foreign currency.
This is most apparent with the expansion of judicial reorganization required, particularly medium-sized enterprises, which have greater difficulty on the economic context.
The court required recoveries totaled 68 hits in julho/12 above, therefore the requirements junho/12 57 and 59 records of this nature occurred in julho/11. However, the result was below the 72 applications made in July/09, so far the results in May for a July since the term of the new Bankruptcy Act in 2005.
In julho/12, 34 applications for judicial departed from micro and small enterprises, 29 of medium and only five were made by large companies.
Source: JB News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.