Brazil · BusinessKey Facts —Q1 2026 filings Agribusiness judicial recovery requests reached 517 in Q1 2026, a 33% jump versus Q1 2025, per Neot. —2025 annual record Serasa Experian recorded 1,990 agribusiness recovery requests in 2025, up 56.4% from 1,272 in 2024. What Judicial Recovery Means for CreditorsJudicial recovery in Brazil functions similarly to Chapter 11 bankruptcy protection in the United States. For foreign investors holding Brazilian agribusiness debt or equity, the process introduces significant uncertainty. Judicial recovery (recuperação judicial) is a court-supervised process similar to Chapter 11 bankruptcy in the United States.