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In the world · Entrepreneurship · 7 April 2026

Judicial reorganization hits a record: 2,466 firms in 2025

Serasa Experian: 2,466 companies filed for judicial reorganization in 2025, the highest in the series. Agribusiness leads. What it tells entrepreneurs.

bairogonzalez.com team, drawing on Bairo's story · Published

In 2025, 2,466 Brazilian companies filed for judicial reorganization (recuperação judicial, Brazil's court-supervised restructuring), the highest number since Serasa Experian began the series in 2012. The filings totaled 977 cases, the largest volume in ten years, and agribusiness came to account for 30.1% of the companies in this situation. At the same time, bankruptcy filings fell 19%.

What happened

Serasa Experian's bankruptcy and reorganization indicator, released on April 7, 2026, brought these figures for 2025:

  • 977 cases of judicial reorganization, up 5.5% from 2024;
  • 2,466 CNPJs (company registration numbers) involved, up 13% and a record for the series;
  • 698 companies with bankruptcy filings, down 19% for the year;
  • 62 filings for out-of-court reorganization.

The gap between cases and companies is the point Forbes Brasil highlighted: filings are getting larger and more complex, because a single case increasingly brings together several companies from the same group. By sector, agribusiness accounted for 30.1% of the companies in reorganization, followed by services (30%), commerce (21.7%) and industry (18.2%). In 2012, agribusiness was 1.3% of the total.

According to Camila Abdelmalack, chief economist at Serasa Experian, judicial reorganization continued to be used as a way to restore financial balance amid tighter credit and high interest rates. In the same survey, Serasa recorded 8.7 million companies with debts flagged as delinquent in January 2026.

Why it matters

Judicial reorganization is not bankruptcy. It is the instrument under Law 11,101/2005 that allows a company in crisis to suspend collections and negotiate a payment plan with creditors, under court supervision, so it can keep operating. The drop in bankruptcies alongside the record in reorganizations shows companies choosing to restructure instead of closing.

The weight of agribusiness stands out. In 2012, the sector was little more than one in every hundred filings; in 2025, almost one in three. Amid expensive and restricted credit, growers and rural businesses began turning to the instrument on a scale the series had never recorded. Behind every large case there is an entire chain: suppliers, truckers, workers and merchants waiting to be paid.

In Bairo's view

For Bairo Leandro Gonzalez Martinez, a judicial reorganization filing is the legal form of something he knows up close: reaching the limit and deciding not to give up. In the story he tells, there was a moment when a business he had trusted did not hold up, with fifty people depending on him. Instead of complaining, he decided to try what he did not know how to do.

In his reading, every no is the ground of a yes for companies too: the no of the cash register, when it comes early and is heard calmly, still leaves room to reorganize. When it comes late, only the courtroom remains. The Seventh Attempt Method has a step devoted to this: counting cash in weeks of breathing room and writing down, with a cool head, the red line at which you stop, change course or ask for help. It is not a promise of money or rescue; it is discipline to decide before the crisis. His trajectory is in The founder.

Where this meets the ecosystem

The agribusiness figure directly touches CEASA Bank, an agribusiness financial platform founded by Bairo that operates on the infrastructure of an authorized institution. The proposal is for growers and traders at the wholesale supply centers to have reference prices, fast collection and a recorded history of every sale, so that harvest-linked credit no longer depends solely on collateral. Harvest credit is among the platform's next steps, not a service already available.

In the legal field, SOSPROCESSOS proposes using analysis of similar cases and scenarios to help lawyers prepare strategies, with the lawyer leading each case.

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In the world: Entrepreneurship