Corporate bankruptcy filings in Brazil surged in 2024, marking the second consecutive year of increases despite positive surprises in the country’s gross domestic product (GDP) over the past two years. Experts expect this trend to persist in 2025 as rising interest rates and exchange rates weigh on companies’ financial health.
According to data from credit bureau Serasa Experian shared with Valor, 2,085 bankruptcy filings had been filed by November 2024, compared to 1,303 during the same period in 2023 and 756 in 2022. This represents a 60% increase in filings through November, following a 68.7% rise in 2023.
“The pace of filings this year is faster,” noted Camila Abdelmalack, an economist at Serasa. “From January to…
