Maxmilhas, from the 123 Milhas group, requests judicial recovery; debt is R$226 million, says company

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Maxmilhas requested, this Thursday (21), to also be included in the judicial recovery process of 123 Milhas. The two travel agencies are part of the same group. Maxmilhas, from the 123 Miles group. Reproduction/Maxmilhas Maxmilhas asked, on Thursday night (21), to be included in the judicial recovery process of 123 Milhas. The two travel agencies are part of the same group. Understand what judicial recovery is and how it works In a request sent to the Court of Justice of Minas Gerais (TJMG), the company indicated a debt of R$226 million. In addition to the travel agency, Lance Hotéis, which was acquired by Maxmilhas, is also in the application. The operator, who until then was out of the process, argued that the operation was not in a serious financial crisis when 123 Milhas went to court. However, “it is now suffering repercussions from the economic-financial crisis that led to the request for judicial recovery from the first companies under recovery”. Furthermore, the company requested the approval of the request with the anticipation of its effects, with a period of 180 days of shielding, to avoid the execution of debts by creditors. If you add up the losses announced by 123 Milhas in other companies, of R$2.3 billion, the value of the case exceeds R$2.5 billion. Last Wednesday (20), the Court provisionally 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 the documents presented by 123 Milhas in the request for judicial recovery did not comply with the “applicable legal prescriptions, which ensure creditors, stakeholders, Public Prosecutor’s Office and other interested parties in RJ the necessary and sufficient knowledge of managerial, economic and financial information from the company”. What is judicial recovery Judicial recovery serves to prevent a company in financial difficulty from declaring bankruptcy and closing its doors. It is a process by which the indebted company obtains a period of time to continue operating while negotiating with its creditors, under the mediation of the Court. Debts are frozen for 180 days and the operation is maintained. g1 contacted TJMG to find out if Maxmilhas’ request will be accepted and is awaiting feedback. ✅ Click here to follow the new g1 Minas channel on WhatsApp. ⚠️The old group will be deactivated. Even if you are already part of our community, you need to sign up again. The most viewed videos on g1 Minas:

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