On November 19, 2015, Fersol Indústria e Comércio S/A ("Fersol") requested its judicial reorganization proceeding in Court. The lawsuit was assigned to the Second Civil Court of the City of Mairinque, State of São Paulo, dockets No. 1000996-18.2015.8.26.0337. The judge has already accepted the judicial reorganization request, and, due to it, Fersol shall present a plan within 60 days, informing the manner it proposes payment of its debts. The granting of the authorization triggers the suspension of the existing lawsuits against Fersol for 180 days. Reorganization Plans usually entices payment of debts in several installments and with substantial discounts. Fersol′s creditors′ list has already been published in the Official Gazette, and, due to it, the creditors that were not included in this list or the credits of which are not appointed correctly shall present a motion to the judicial administrator requesting any possible correction or amendment until February 15, 2016.
We are following up this reorganization proceeding very closely by our team of experts in judicial reorganization. If your company has credits against Fersol, we will be glad to assist you either with advice or by representing in the judicial reorganization proceeding.
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