{"id":5554,"date":"2023-04-24T14:19:53","date_gmt":"2023-04-24T17:19:53","guid":{"rendered":"https:\/\/artica.capital\/clairfield-pilulas\/aumento-dos-casos-de-recuperacao-judicial-em-2023\/"},"modified":"2026-09-30T08:54:15","modified_gmt":"2026-09-30T11:54:15","slug":"aumento-dos-casos-de-recuperacao-judicial-em-2023","status":"publish","type":"pilulas","link":"https:\/\/artica.capital\/en\/clairfield-pilulas\/aumento-dos-casos-de-recuperacao-judicial-em-2023\/","title":{"rendered":"Increase in judicial recovery cases in 2023"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">2023 vem sendo marcado por uma onda de pedidos de recupera\u00e7\u00e3o judicial e extrajudicial. Enfrentando dificuldades para honrar as obriga\u00e7\u00f5es com credores, muitas empresas tem buscado esse caminho para sua reestrutura\u00e7\u00e3o financeira. Ap\u00f3s 2 per\u00edodos com quedas relevantes, o n\u00famero de requerimentos de recupera\u00e7\u00e3o judicial voltou a crescer nesse ano. No per\u00edodo de 12 meses encerrado em fevereiro de 2023, os pedidos j\u00e1 somavam 906. O setor com maior aumento foi a ind\u00fastria, que cresceu 15% em rela\u00e7\u00e3o ao per\u00edodo de 12 meses encerrado em fevereiro de 2022 \u2013 seguido de perto pelo Com\u00e9rcio, cujo crescimento foi de 14%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Esse ano, tamb\u00e9m se destaca por alguns casos ic\u00f4nicos dentre os pedidos de reestrutura\u00e7\u00e3o \u2013 como a Americanas, que abriu o ano com o an\u00fancio de sua d\u00edvida bilion\u00e1ria e o Grupo Petr\u00f3polis, dono de marcas de cerveja bem conhecidas do consumidor brasileiro. Nessa publica\u00e7\u00e3o, resumimos alguns desses casos e destacamos as principais motiva\u00e7\u00f5es das empresas para recorrerem a esse tipo de plano.<\/p>\n\n\n\n<!-- pilula-html v1 -->\n<style>\n.pil{--navy:#2d3a51;--blue:#4f6388;--light:#8599b9;--pale:#e8ebf1;--card:#d3d9e3;--red:#c0272d;--txt:#333;font-family:\"Merriweather Sans\",sans-serif;color:var(--txt);margin-top:40px}\n.pil *{box-sizing:border-box}\n.pil img{max-width:100%;height:auto;display:block}\n.pil-sec{margin:0 0 56px}\n.pil-sec h2{background:var(--navy);color:#fff;font-size:19px;line-height:1.35;font-weight:700;padding:16px 20px;border-radius:0 0 28px 0;margin:0 0 20px;text-wrap:balance}\n.pil-sub{font-size:14px;font-weight:700;color:var(--navy);border-bottom:2px solid var(--navy);padding-bottom:6px;margin:0 0 16px;display:flex;justify-content:space-between;gap:12px;align-items:flex-end}\n.pil-tag{color:var(--red);border-top:2px solid var(--red);border-bottom:2px solid var(--red);font-size:12px;padding:2px 8px;white-space:nowrap}\n.pil-unit{font-size:12px;font-style:italic;color:#999;font-weight:700}\n.pil-src{font-size:11px;color:#777;margin-top:14px;line-height:1.5}\n.pil-p{font-size:14px;line-height:1.6;margin:0 0 12px}\n.pil-note{display:flex;gap:12px;align-items:center;background:var(--pale);border:1.5px dashed var(--navy);border-radius:10px;padding:12px 16px;font-size:14px;line-height:1.55;margin-top:18px}\n.pil-note::before{content:\"\";flex:none;width:26px;height:26px;border-radius:50%;background:var(--navy) url(\"data:image\/svg+xml,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' viewBox='0 0 24 24' fill='none' stroke='white' stroke-width='1.8' stroke-linecap='round'%3E%3Cpath d='M9 18h6M10 21h4M12 3a6 6 0 0 0-3.5 10.9c.6.5 1 1.2 1 2.1h5c0-.9.4-1.6 1-2.1A6 6 0 0 0 12 3z'\/%3E%3C\/svg%3E\") center\/16px no-repeat}\n.pil-note.solid{border-style:solid;background:#fff;box-shadow:0 2px 6px rgba(0,0,0,.12)}\n.pil-note.solid::before{display:none}\n.pil-grid2{display:grid;grid-template-columns:1fr 1fr;gap:24px}\n.pil-grid2.wide-left{grid-template-columns:1.75fr 1fr}\n.pil-grid2.wide-right{grid-template-columns:1fr 1.75fr}\n.pil-grid3{display:grid;grid-template-columns:repeat(3,1fr);gap:20px}\n.pil-grid4{display:grid;grid-template-columns:repeat(4,1fr);gap:16px}\n.pil-grid5{display:grid;grid-template-columns:repeat(5,1fr);gap:12px}\n.pil-grid2>*,.pil-grid3>*,.pil-grid4>*,.pil-grid5>*{min-width:0}\n.pil-legend{font-size:12px;display:flex;gap:14px;justify-content:flex-end;flex-wrap:wrap;margin-bottom:6px}\n.pil-legend span{display:inline-flex;align-items:center;gap:6px}\n.pil-legend i:empty{width:14px;height:10px;display:inline-block;flex:none}\n\/* grafico de colunas: .pil-bars > div[style=height:%] > span (valor); .pil-years > span *\/\n.pil-bars{display:flex;align-items:flex-end;gap:2.2%;height:240px;border-bottom:1.5px solid #333;padding:22px 1% 0}\n.pil-bars>div{flex:1;background:var(--light);position:relative;min-height:1px}\n.pil-bars>div.e{background:var(--blue)}\n.pil-bars>div.cur{background:var(--navy)}\n.pil-bars>div>span{position:absolute;top:-19px;left:50%;transform:translateX(-50%);font-size:12px;white-space:nowrap}\n.pil-years{display:flex;gap:2.2%;padding:4px 1% 0;font-size:11px;text-align:center}\n.pil-years span{flex:1}\n.pil-cagr{text-align:center;font-size:12px;font-weight:700}\n.pil-cagr span{display:inline-block;border:1.5px solid #222;border-radius:50%;padding:2px 8px;margin-top:4px}\n\/* barras horizontais: .pil-hbars > .r > (b nome) (.bar > i[style=width:%]) (em valor) *\/\n.pil-hbars{display:grid;gap:8px;font-size:13px}\n.pil-hbars .r{display:grid;grid-template-columns:minmax(90px,30%) 1fr auto;gap:10px;align-items:center}\n.pil-hbars .bar{background:var(--pale);height:18px}\n.pil-hbars .bar i{display:block;height:100%;background:var(--blue)}\n.pil-hbars em{font-style:normal;font-weight:700;color:var(--navy);min-width:48px;text-align:right}\n\/* cartoes de numeros *\/\n.pil-box{border:2px solid var(--navy);border-radius:0 0 10px 10px;background:#fff}\n.pil-box>h3{margin:0;background:var(--navy);color:#fff;font-size:14px;text-align:center;padding:8px}\n.pil-stat{text-align:center;padding:16px 14px;font-size:13px;line-height:1.45}\n.pil-stat strong{display:block;font-size:40px;color:var(--blue);font-weight:800;line-height:1.1}\n.pil-stat strong small{font-size:22px}\n.pil-stat em{font-style:normal;color:var(--blue);font-weight:700}\n.pil-card{background:#fff;border-radius:12px;box-shadow:0 1px 5px rgba(0,0,0,.14);padding:14px 16px;font-size:13px;line-height:1.5}\n.pil-card h3{font-size:15px;color:var(--navy);margin:0 0 8px}\n.pil-card.tint{background:var(--card);box-shadow:none}\n\/* listas e fatos *\/\n.pil-list{margin:0;padding-left:18px;font-size:14px;line-height:1.6}\n.pil-list li{margin-bottom:6px}\n.pil-fact{font-size:14px;line-height:1.5;padding-left:14px;border-left:3px solid var(--light)}\n.pil-fact.dark{border-color:var(--navy)}\n.pil-fact b{color:var(--navy)}\n.pil-fact big{font-size:20px;font-weight:800;color:var(--navy)}\n.pil-hl{color:var(--blue);font-weight:700}\n\/* tabela *\/\n.pil-tw{overflow-x:auto}\n.pil-table{width:100%;border-collapse:collapse;font-size:13px}\n.pil-table th{background:var(--navy);color:#fff;text-align:left;padding:8px 10px;font-weight:700}\n.pil-table td{padding:7px 10px;border-bottom:1px solid #d8dce4;vertical-align:top}\n.pil-table tr:nth-child(even) td{background:#f5f6f9}\n.pil-table .n{text-align:right;font-variant-numeric:tabular-nums;white-space:nowrap}\n.pil-tw{overflow-x:auto;-webkit-overflow-scrolling:touch;max-width:100%}\n.pil-tw .pil-table{width:100%;min-width:max-content}\n.pil-tw .pil-table th,.pil-tw .pil-table td{padding:6px 7px}\n.pil-table td:first-child,.pil-table th:first-child{white-space:nowrap}\n.pil-tw .pil-table.dense,.pil-tw .pil-table:has(tr>*:nth-child(8)){font-size:12px}\n.pil-tw .pil-table:has(tr>*:nth-child(11)){font-size:11.5px}\n.pil-tw .pil-table:has(tr>*:nth-child(11)) th,.pil-tw .pil-table:has(tr>*:nth-child(11)) td{padding:5px 4px}\n\/* linha do tempo *\/\n.pil-time{display:grid;gap:14px;border-left:2px dashed var(--light);padding-left:18px;margin-left:6px}\n.pil-time>div{position:relative;font-size:14px;line-height:1.5}\n.pil-time>div::before{content:\"\";position:absolute;left:-25px;top:5px;width:12px;height:12px;border-radius:50%;background:var(--navy)}\n.pil-time b.y{display:block;color:var(--light);font-size:16px;font-weight:800}\n\/* figuras (recortes do slide) *\/\n.pil-fig{margin:0}\n.pil-fig figcaption{text-align:center;font-weight:800;color:var(--light);font-size:16px;margin-top:4px}\n.pil-brand{background:var(--card);border-radius:14px;overflow:hidden}\n.pil-brand p{margin:0;text-align:center;font-size:20px;font-weight:800;font-style:italic;color:var(--navy);padding:10px 0 12px}\n@media (max-width:700px){\n  .pil-grid2,.pil-grid2.wide-left,.pil-grid2.wide-right{grid-template-columns:1fr}\n  .pil-grid3,.pil-grid4,.pil-grid5{grid-template-columns:1fr 1fr}\n  .pil-sec h2{font-size:17px}\n  .pil-bars{height:180px}\n  .pil-bars>div>span{font-size:10px}\n  .pil-years{font-size:9px}\n}\n@media (max-width:480px){\n  .pil-bars{gap:1.2%}\n  .pil-years{gap:1.2%;font-size:8px}\n  .pil-bars>div>span{font-size:8px;letter-spacing:-.3px}\n  .pil-bars:has(>div:nth-child(13))>div>span{writing-mode:vertical-rl;transform:translateX(-50%) rotate(180deg);top:auto;bottom:100%;padding-bottom:2px}\n  .pil-years:has(>span:nth-child(13)) span{writing-mode:vertical-rl;transform:rotate(180deg);margin:0 auto}\n}\n\r\n\r\n\r\n<\/style>\n<div class=\"pil\">\n\n<section class=\"pil-sec\">\n  <h2>N\u00famero de pedidos de recupera\u00e7\u00e3o judicial volta a crescer ap\u00f3s 2 anos em queda<\/h2>\n  <div class=\"pil-sub\">Evolu\u00e7\u00e3o do n\u00famero de pedidos de recupera\u00e7\u00e3o judicial por setor para o per\u00edodo de 12 meses encerrado em fevereiro<\/div>\n  <div class=\"pil-legend\" style=\"justify-content:flex-start\"><span><i style=\"background:var(--blue)\"><\/i>Servi\u00e7os<\/span><span><i style=\"background:var(--light)\"><\/i>Com\u00e9rcio<\/span><span><i style=\"background:var(--card)\"><\/i>Ind\u00fastria<\/span><span><i style=\"background:#bfbfbf\"><\/i>Prim\u00e1rio<\/span><\/div>\n  <div class=\"pil-bars\" role=\"img\" aria-label=\"Pedidos de recupera\u00e7\u00e3o judicial por setor (Servi\u00e7os, Com\u00e9rcio, Ind\u00fastria, Prim\u00e1rio) e total, 12 meses encerrados em fevereiro: fev\/16 513, 466, 396, 47, total 1.422; fev\/17 720, 568, 424, 97, total 1.809; fev\/18 583, 488, 298, 49, total 1.418; fev\/19 592, 405, 294, 90, total 1.381; fev\/20 596, 343, 284, 171, total 1.394; fev\/21 584, 267, 172, 120, total 1.143; fev\/22 464, 194, 141, 75, total 874; fev\/23 437, 222, 162, 85, total 906\">\n    <div style=\"height:78.6%;background:none;display:flex;flex-direction:column-reverse\"><span>1.422<\/span><i style=\"display:block;height:36.1%;background:var(--blue)\"><\/i><i style=\"display:block;height:32.8%;background:var(--light)\"><\/i><i style=\"display:block;height:27.8%;background:var(--card)\"><\/i><i style=\"display:block;height:3.3%;background:#bfbfbf\"><\/i><\/div>\n    <div style=\"height:100%;background:none;display:flex;flex-direction:column-reverse\"><span>1.809<\/span><i style=\"display:block;height:39.8%;background:var(--blue)\"><\/i><i style=\"display:block;height:31.4%;background:var(--light)\"><\/i><i style=\"display:block;height:23.4%;background:var(--card)\"><\/i><i style=\"display:block;height:5.4%;background:#bfbfbf\"><\/i><\/div>\n    <div style=\"height:78.4%;background:none;display:flex;flex-direction:column-reverse\"><span>1.418<\/span><i style=\"display:block;height:41.1%;background:var(--blue)\"><\/i><i style=\"display:block;height:34.4%;background:var(--light)\"><\/i><i style=\"display:block;height:21%;background:var(--card)\"><\/i><i style=\"display:block;height:3.5%;background:#bfbfbf\"><\/i><\/div>\n    <div style=\"height:76.3%;background:none;display:flex;flex-direction:column-reverse\"><span>1.381<\/span><i style=\"display:block;height:42.9%;background:var(--blue)\"><\/i><i style=\"display:block;height:29.3%;background:var(--light)\"><\/i><i style=\"display:block;height:21.3%;background:var(--card)\"><\/i><i style=\"display:block;height:6.5%;background:#bfbfbf\"><\/i><\/div>\n    <div style=\"height:77.1%;background:none;display:flex;flex-direction:column-reverse\"><span>1.394<\/span><i style=\"display:block;height:42.8%;background:var(--blue)\"><\/i><i style=\"display:block;height:24.6%;background:var(--light)\"><\/i><i style=\"display:block;height:20.4%;background:var(--card)\"><\/i><i style=\"display:block;height:12.3%;background:#bfbfbf\"><\/i><\/div>\n    <div style=\"height:63.2%;background:none;display:flex;flex-direction:column-reverse\"><span>1.143<\/span><i style=\"display:block;height:51.1%;background:var(--blue)\"><\/i><i style=\"display:block;height:23.4%;background:var(--light)\"><\/i><i style=\"display:block;height:15%;background:var(--card)\"><\/i><i style=\"display:block;height:10.5%;background:#bfbfbf\"><\/i><\/div>\n    <div style=\"height:48.3%;background:none;display:flex;flex-direction:column-reverse\"><span>874<\/span><i style=\"display:block;height:53.1%;background:var(--blue)\"><\/i><i style=\"display:block;height:22.2%;background:var(--light)\"><\/i><i style=\"display:block;height:16.1%;background:var(--card)\"><\/i><i style=\"display:block;height:8.6%;background:#bfbfbf\"><\/i><\/div>\n    <div style=\"height:50.1%;background:none;display:flex;flex-direction:column-reverse\"><span>906<\/span><i style=\"display:block;height:48.2%;background:var(--blue)\"><\/i><i style=\"display:block;height:24.5%;background:var(--light)\"><\/i><i style=\"display:block;height:17.9%;background:var(--card)\"><\/i><i style=\"display:block;height:9.4%;background:#bfbfbf\"><\/i><\/div>\n  <\/div>\n  <div class=\"pil-years\"><span>fev\/16 LTM<\/span><span>fev\/17 LTM<\/span><span>fev\/18 LTM<\/span><span>fev\/19 LTM<\/span><span>fev\/20 LTM<\/span><span>fev\/21 LTM<\/span><span>fev\/22 LTM<\/span><span><b>fev\/23 LTM<\/b><\/span><\/div>\n  <div class=\"pil-tw\" style=\"margin-top:16px\">\n    <table class=\"pil-table\">\n      <thead><tr><th><\/th><th class=\"n\">fev\/16 LTM<\/th><th class=\"n\">fev\/17 LTM<\/th><th class=\"n\">fev\/18 LTM<\/th><th class=\"n\">fev\/19 LTM<\/th><th class=\"n\">fev\/20 LTM<\/th><th class=\"n\">fev\/21 LTM<\/th><th class=\"n\">fev\/22 LTM<\/th><th class=\"n\">fev\/23 LTM<\/th><\/tr><\/thead>\n      <tbody>\n        <tr><td>Servi\u00e7os<\/td><td class=\"n\">513<\/td><td class=\"n\">720<\/td><td class=\"n\">583<\/td><td class=\"n\">592<\/td><td class=\"n\">596<\/td><td class=\"n\">584<\/td><td class=\"n\">464<\/td><td class=\"n\">437<\/td><\/tr>\n        <tr><td>Com\u00e9rcio<\/td><td class=\"n\">466<\/td><td class=\"n\">568<\/td><td class=\"n\">488<\/td><td class=\"n\">405<\/td><td class=\"n\">343<\/td><td class=\"n\">267<\/td><td class=\"n\">194<\/td><td class=\"n\">222<\/td><\/tr>\n        <tr><td>Ind\u00fastria<\/td><td class=\"n\">396<\/td><td class=\"n\">424<\/td><td class=\"n\">298<\/td><td class=\"n\">294<\/td><td class=\"n\">284<\/td><td class=\"n\">172<\/td><td class=\"n\">141<\/td><td class=\"n\">162<\/td><\/tr>\n        <tr><td>Prim\u00e1rio<\/td><td class=\"n\">47<\/td><td class=\"n\">97<\/td><td class=\"n\">49<\/td><td class=\"n\">90<\/td><td class=\"n\">171<\/td><td class=\"n\">120<\/td><td class=\"n\">75<\/td><td class=\"n\">85<\/td><\/tr>\n        <tr><td><b>Total<\/b><\/td><td class=\"n\"><b>1.422<\/b><\/td><td class=\"n\"><b>1.809<\/b><\/td><td class=\"n\"><b>1.418<\/b><\/td><td class=\"n\"><b>1.381<\/b><\/td><td class=\"n\"><b>1.394<\/b><\/td><td class=\"n\"><b>1.143<\/b><\/td><td class=\"n\"><b>874<\/b><\/td><td class=\"n\"><b>906<\/b><\/td><\/tr>\n        <tr><td>Varia\u00e7\u00e3o anual<\/td><td class=\"n\">\u2013<\/td><td class=\"n\">27%<\/td><td class=\"n\">-22%<\/td><td class=\"n\">-3%<\/td><td class=\"n\">1%<\/td><td class=\"n\">-18%<\/td><td class=\"n\">-24%<\/td><td class=\"n\"><b>4%<\/b><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <div class=\"pil-src\">Fonte: Serasa Experian<\/div>\n<\/section>\n\n<section class=\"pil-sec\">\n  <h2>Principais pedidos de reestrutura\u00e7\u00e3o em 2023<\/h2>\n  <div class=\"pil-tw\">\n    <table class=\"pil-table\">\n      <thead><tr><th>Data<\/th><th>Tipo<\/th><th>Empresa<\/th><th>D\u00edvida<\/th><th>Vis\u00e3o geral<\/th><\/tr><\/thead>\n      <tbody>\n        <tr><td><b>Jan\/23<\/b><\/td><td><b>Recupera\u00e7\u00e3o judicial<\/b><\/td><td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5554-americanas.png\" alt=\"Logo da Americanas\" loading=\"lazy\" style=\"width:110px\"><\/td><td class=\"n\"><b>R$ 43 bilh\u00f5es<\/b><\/td><td><ul class=\"pil-list\" style=\"font-size:13px\"><li>A Americanas \u00e9 uma varejista brasileira, com mais de 1700 lojas.<\/li><li>No primeiro grande caso de reestrutura\u00e7\u00e3o de 2023, a Americanas causou agita\u00e7\u00e3o no mercado ao anunciar que parte de sua d\u00edvida bilion\u00e1ria n\u00e3o estava refletida em suas demonstra\u00e7\u00f5es financeiras.<\/li><li>O plano de recupera\u00e7\u00e3o deve contar com venda de ativos e um aporte bilion\u00e1rio de Jorge Paulo Lemann, Marcel Herrmann Telles e Carlos Alberto Sicupira.<\/li><\/ul><\/td><\/tr>\n        <tr><td><b>Fev\/23<\/b><\/td><td><b>Recupera\u00e7\u00e3o judicial<\/b><\/td><td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5554-dok.png\" alt=\"Logo da DOK Cal\u00e7ados\" loading=\"lazy\" style=\"width:80px\"><\/td><td class=\"n\"><b>R$ 400 milh\u00f5es<\/b><\/td><td><ul class=\"pil-list\" style=\"font-size:13px\"><li>A DOK Cal\u00e7ados \u00e9 uma cal\u00e7adista propriet\u00e1ria da marca Ortop\u00e9, voltada para cal\u00e7ados infantis.<\/li><li>Segundo a Companhia, a aquisi\u00e7\u00e3o da rede Esposende teria comprometido a liquidez da empresa.<\/li><li>Os credores da DOK Cal\u00e7ados questionaram o pedido de RJ devido \u00e0 rumores sobre o uso de notas frias como lastro para antecipa\u00e7\u00e3o de receb\u00edveis. O caso ainda est\u00e1 sob investiga\u00e7\u00e3o.<\/li><\/ul><\/td><\/tr>\n        <tr><td><b>Mar\/23<\/b><\/td><td><b>Recupera\u00e7\u00e3o judicial<\/b><\/td><td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5554-petropolis.png\" alt=\"Logo do Grupo Petr\u00f3polis\" loading=\"lazy\" style=\"width:100px\"><\/td><td class=\"n\"><b>R$ 4,2 bilh\u00f5es<\/b><\/td><td><ul class=\"pil-list\" style=\"font-size:13px\"><li>O Grupo Petr\u00f3polis \u00e9 controlador de marcas de cerveja como Itaipava, Crystal, Petra e Lokal.<\/li><li>Segundo a Companhia, a forte concorr\u00eancia causou uma queda em suas vendas \u2013 o que, somado ao aumento da taxa Selic, tornou a empresa insolvente.<\/li><li>Com pedido protocolado ao final de mar\u00e7o, a empresa tem cerca de 60 dias para apresentar um plano de recupera\u00e7\u00e3o.<\/li><\/ul><\/td><\/tr>\n        <tr><td><b>Mar\/23<\/b><\/td><td><b>Recupera\u00e7\u00e3o extrajudicial<\/b><\/td><td><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5554-amaro.png\" alt=\"Logo da Amaro\" loading=\"lazy\" style=\"width:110px\"><\/td><td class=\"n\"><b>R$ 244 milh\u00f5es<\/b><\/td><td><ul class=\"pil-list\" style=\"font-size:13px\"><li>A Amaro \u00e9 uma varejista do setor vestu\u00e1rio. \u00c9 focada nos canais digitais, mas possui 20 lojas f\u00edsicas no Brasil.<\/li><li>Segundo a Companhia, por conta da concorr\u00eancia com <i>players<\/i> asi\u00e1ticos, ela n\u00e3o conseguiu cumprir o plano de expans\u00e3o que planejava quando captou recursos em 2021.<\/li><li>O plano de recupera\u00e7\u00e3o compreende apenas credores quirograf\u00e1rios, ou seja, que n\u00e3o possuem direito real de garantia.<\/li><\/ul><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <div class=\"pil-src\">Fonte: Americanas; Grupo Petr\u00f3polis; Amaro; Dok Cal\u00e7ados; Estad\u00e3o; Valor Econ\u00f4mico<\/div>\n<\/section>\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>2023 vem sendo marcado por uma onda de pedidos de recupera\u00e7\u00e3o judicial e extrajudicial. Enfrentando dificuldades para honrar as obriga\u00e7\u00f5es com credores, muitas empresas tem buscado esse caminho para sua reestrutura\u00e7\u00e3o financeira. Ap\u00f3s 2 per\u00edodos com quedas relevantes, o n\u00famero de requerimentos de recupera\u00e7\u00e3o judicial voltou a crescer nesse ano.<\/p>","protected":false},"author":1,"featured_media":5551,"template":"","meta":[],"class_list":["post-5554","pilulas","type-pilulas","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas\/5554","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\/5551"}],"wp:attachment":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media?parent=5554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}