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Fictor creditors to vote on R$4.3bn recovery plan Wednesday
Valor Econômico·BR·about 16 hours ago
Creditors of the Fictor group suspended their general assembly to allow drafting of a new amendment to the judicial recovery plan, with a proposal to use receivables from a fund linked to Master to pay debts. The meeting resumes December 4, and debtors must file the new document by November 18. This indicates ongoing restructuring efforts, with uncertainty over creditor approval and the viability of the receivables-based payment mechanism.
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