With a debt of over R$110 million, Casa do Pão de Queijo recently filed for judicial reorganization. The search for judicial protection has included appeals to energy utility companies not to cut off the supply, as well as to landlords not to terminate rent contracts in arrears.
In an article published by Bloomberg Línea, Leonardo Ribeiro Dias, head of our Litigation, Arbitration and Insolvency practice, points out that these requests are usually accepted.
However, the company must pay the bills and rents due during the reorganization, as these are credits that are not subject to the judicial reorganization plan.
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