São Paulo – The number of companies that filed for bankruptcy was down 31.3% in January from December in Brazil, credit bureau Serasa Experian reported this Friday (3). In January from January 2016, the amount of filings dropped by 8.9%.
Court-supervise reorganization petitions were down 43.4% month-on-month and 14.6% year-on-year. Serasa imputes the drop to a lower interest rate and to expectations that recession will come to an end.
*Translated by Gabriel Pomerancblum
