Dolly and Eternit file for Judicial Recovery
10/11/2022
Dolly and Eternit file for Judicial In the last week, we came across two more requests for Judicial Reorganization from well-known companies: Dolly and Eternit.
We will not go into the merits of the problems faced by these two traditional companies that culminated in the request for Judicial Reorganization, but the concept of protection.
Contact us to learn more about the Credit Insurance program ! Recovery
We will not go into the merits of the problems faced by these two traditional companies that culminated in the request for Judicial Reorganization, but the concept of protection.
One of the company's most vulnerable assets is the “Accounts Receivable” - where increases and decreases related to the sale of products or services are recorded. He can and should be protected against these surprises through a Credit Insurance program.
In these two cases (and countless others to come) in addition to our fragile Brazilian reality, we observe that it will take years to pay creditors, in addition to a possible discount on the debt.
This is a reality that we live with strongly in Brazil and, without a doubt, a company with a consistent recovery plan needs years to recover and will need the understanding of creditors.
If companies receive orders, produce products and sell, the least they can expect is to receive them within the agreed time frame. But this is not the everyday reality. Companies need instruments that minimize the risk of non-receipt and, in Brazil, we can count on the protection of Credit Insurance.
In these two examples of Judicial Recovery from this last week, companies that have the protection of a Credit Insurance policy will receive their credits within a maximum of 30 days after the presentation of the list of creditors. And who will wait years to receive will be the insurance company.
Thus, in addition to the numerous advantages of a Credit Insurance program , having the peace of mind of knowing that the company's "Accounts Receivable" is protected against possible defaults and unexpected judicial recoveries is essential.
