:strip_icc()/i.s3.glbimg.com/v1/AUTH_da025474c0c44edd99332dddb09cabe8/internal_photos/bs/2024/E/S/FOGJAKQHGcAXk5vTMaAQ/108984394-topshot-people-cast-their-in-person-early-ballot-for-the-2024-general-election-at-th.jpg "What is early voting about voting on November 5th?")
:strip_icc()/i.s3.glbimg.com/v1/AUTH_59edd422c0c84a879bd37670ae4f538a/internal_photos/bs/2023/x/B/63o3DfSkOu1hdVjl75vA/max-milhas.png "Maximilhas, of the 123 Melas group, seeks judicial restitution; The company says the debt amounts to R6 million Minas Gerais")
a MaxMiles On Thursday evening (21), it was requested to be included in the judicial recovery process for 123 Milas. The two travel agencies are part of the same group.
In a request sent to the Court of Justice of the State of Minas Gerais (TJMG), the company reported a debt of 226 million Brazilian reals. In addition to the travel agency Lance hotelswhich was acquired by Maxmilhas, It is also in the app.
The operator, who had until then been outside the operation, argued that the operation He was not in serious financial crisis when 123 Melas went to court. But it “is now suffering from the repercussions of the economic and financial crisis that led to a request for judicial recovery from the first companies subject to recovery.”
In addition to, The company requested approval of the request in anticipation of its effectswith a protection period of 180 days, to avoid debt enforcement by creditors.
If the losses announced by 123 million in other companies are added, 2.3 billion Brazilian realsexceed the value of the case 2.5 billion Brazilian reals.
Last Wednesday (20) court It even temporarily suspended the judicial recovery of 123 Milhas, In response to a request from Banco do Brasil, the company’s creditor.
The financial institution claimed that Documents submitted by 123 Miles in the judicial recovery application “didn’t notice”Legal prescriptions applicable, which ensures that creditors, stakeholders, the Public Prosecutor’s Office and other interested parties in Royal Jordanian have the necessary and sufficient knowledge of the company’s administrative, economic and financial information.”
What is judicial recovery?
Judicial recovery works to prevent a cash-strapped company from declaring bankruptcy and closing its doors. that it The process by which a debtor company obtains a deadline To complete Employment While negotiating with your creditors, under court mediation. Debts They are frozen for 180 days and the process continues.
g1 has contacted TJMG to see if Maxmilhas’ request will be accepted and if he is awaiting feedback.
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