Cole's judicial recovery claim accepted in USA – Business

Gol Linhas Aéreas Inteligentes SA's request for judicial recovery Accepted Information from this Friday (26) by the US court Folha D S. Paulo.

The company's first hearing took place this Friday morning New York. Accepting the request was Judge Martin Glenn, who has over 16 years of experience in bankruptcy court and is the current section chair.

By this decision, individuals, partners, corporations, foreigner or national, are prohibited from starting or carrying on any business. Judicial or administrative proceedings against creditors.

Understand the case

Cole filed a request for financial restructuring Thursday (25), in America. This measure applies to the Company and its subsidiaries.

In a statement, the company said it filed the claim voluntarily Chapter 11 In United States Bankruptcy Court. Chapter 11 is a legal process in the United States that is typically used by companies to raise capital and restructure finances while operating.