Out-of-Court Reorganization
This page is a translation of the original Portuguese text, provided for convenience. It deals with Brazilian law. If there is any discrepancy, the Portuguese version prevails. Read the original in Portuguese
A plan the debtor proposes and negotiates directly with creditors. It cannot cover tax debts, and it requires collective bargaining for labor claims.
Legal reference: Law 11.101/2005, art. 161.