The creditors of Indigo Jeans, a Santa Catarina-based manufacturer of denim apparel whose main client is Lojas Renner, approved the company’s judicial reorganization proposal, according to a report published by Jornal Valor on Friday (the 25th). The petition was filed with the Court of Justice of the State of Santa Catarina – Judicial District of Criciúma, but the recovery plan has not yet been ratified in court. The information comes from Luis Alberto Paiva, partner at Corporate Consulting, the company responsible for the restructuring of Indigo Jeans and which is leading the business.
The company has a total debt of R$ 17.6 million. According to the publication, the renegotiation was divided into four categories: obligations with security in rem totaling R$ 11 million; unsecured (without security in rem) debts of R$ 4.3 million; labor commitments totaling R$ 1.3 million; and debts with micro, small, and medium-sized enterprises of R$ 800 thousand. Indigo Jeans also has credits not subject to judicial reorganization totaling R$ 1.2 million, including taxes.
Lassori – Cases such as this can affect any business, especially in periods of economic crisis. When a company is in difficulty, however, it may improve its result through an administrative restructuring of its debts. The Lassori firm meets this need, with a focus on medium-sized companies.
Our legal consulting for companies that can restore their financial health through the administrative restructuring of debts involves: analysis of the nature of the liabilities, classification of the debts according to their legal nature (suppliers, labor, tax, and social security), analysis of the risks that each debt may bring to the entrepreneur – from the excessive increase of the debt, through the blocking of current accounts, to the risk of a bankruptcy petition –, and development of a restructuring plan.
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