$1.2B In Red, Brazilian Beef Co. Files For Ch. 15
The petition, filed Friday in the U.S. Bankruptcy Court for the Southern District of New York, says Independencia has commenced restructuring “a crippling debt burden” under Brazilian insolvency law and requires court protection of its U.S. assets.
While 99 percent of the debtor’s assets are in Brazil, the company holds funds in...
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