Companies in judicial recovery hit a record

The number of companies in judicial recovery (RJ) in Brazil reached 4,965 in the 2nd quarter of 2025, the highest volume since the beginning of the historical series of the RGF Judicial Recovery Monitor, which started in 2023. According to the monitor, there was a 1.7% growth compared to the previous quarter, although the pace slowed down compared to the 6.9% advance recorded in the 1st quarter. The RGF Judicial Recovery Index (IRJ-RGF), which measures the proportion of companies in RJ per thousand active ones, fell slightly from 1.98 to 1.97, reflecting the increase of about 61 thousand active companies in the country. Among the 147 companies that exited RJ in the period, 58% resumed normal operations, 29% went bankrupt, and 13% were deregistered or suspended due to registration issues. Rodrigo Gallegos, partner at RGF, warns that "approving the plan is not enough—what sustains the turnaround is discipline in execution. Without it, the risk returns quickly." The agribusiness ...