{"id":5453,"date":"2023-03-14T14:31:17","date_gmt":"2023-03-14T17:31:17","guid":{"rendered":"https:\/\/artica.capital\/clairfield-pilulas\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial\/"},"modified":"2025-08-21T15:18:50","modified_gmt":"2025-08-21T18:18:50","slug":"alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial","status":"publish","type":"pilulas","link":"https:\/\/artica.capital\/en\/clairfield-pilulas\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial\/","title":{"rendered":"Alternatives for financial restructuring: two steps before judicial recovery"},"content":{"rendered":"<p>Judicial Reorganization (RJ) is a recurring topic in the corporate market. In Brazil, the standout recovery case was the financial restructuring of the Oi Group, which lasted six years. The company filed for RJ in 2016, due to the contraction of its operations due to declining revenue in previous years and rapidly increasing debt. Oi reached the mark of R$65 billion in gross debt with over 55,000 creditors.<\/p>\n\n\n\n<p>When addressing the topic of corporate financial restructuring, it&#039;s important to take a step back from the topic of judicial recovery, as this option tends to be a last resort for companies struggling with liquidity and negotiations with creditors. A good manager needs to keep in mind that readjusting liabilities for business sustainability can occur at the administrative level before legal support is sought, and manage the best alternative for each negotiation process.<\/p>\n\n\n\n<p>This financial restructuring can be divided into three main paths: white-collar negotiation, out-of-court reorganization, and judicial reorganization. The options differ in the negotiation method and also in aspects such as cash flow protection, costs involved, and partner attrition.<\/p>\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1476\" height=\"826\" src=\"\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-01.webp\" alt=\"-\" class=\"wp-image-5451\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-01.webp 1476w, https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-01-300x168.webp 300w, https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-01-1024x573.webp 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-01-768x430.webp 768w, https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-01-18x10.webp 18w\" sizes=\"auto, (max-width: 1476px) 100vw, 1476px\" \/><\/figure>\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1475\" height=\"828\" src=\"\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-02.webp\" alt=\"-\" class=\"wp-image-5452\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-02.webp 1475w, https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-02-300x168.webp 300w, https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-02-1024x575.webp 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-02-768x431.webp 768w, https:\/\/artica.capital\/wp-content\/uploads\/2025\/08\/alternativas-para-reestruturacao-financeira-dois-passos-antes-da-recuperacao-judicial-02-18x10.webp 18w\" sizes=\"auto, (max-width: 1475px) 100vw, 1475px\" \/><\/figure>","protected":false},"excerpt":{"rendered":"<p>A Recupera\u00e7\u00e3o Judicial (RJ) \u00e9 um tema recorrente no mercado empresarial. No Brasil, o caso destaque de recupera\u00e7\u00e3o foi a reestrutura\u00e7\u00e3o financeira do grupo Oi que durou 6 anos. A companhia entrou com pedido da RJ em 2016, devido a contra\u00e7\u00e3o de sua opera\u00e7\u00e3o via queda de faturamento nos anos anteriores e aumento acelerado de d\u00edvidas. <\/p>","protected":false},"author":1,"featured_media":5450,"template":"","meta":[],"class_list":["post-5453","pilulas","type-pilulas","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas\/5453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas"}],"about":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/types\/pilulas"}],"author":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media\/5450"}],"wp:attachment":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media?parent=5453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}