Creditors of the Fictor Group are asking the São Paulo Court for other companies in the conglomerate to be included in the judicial recovery. THE BroadcastGrupo Estado’s real-time news system, had access to a lawsuit filed this Monday, the 9th, in which the defense of around 50 creditors alleges that one of the two companies that requested recovery, Fictor Invest, had only R$2,670 in cash on December 31st.
When contacted, Fictor — which came into the spotlight after trying to buy Banco Master one day before the institution was liquidated by the Central Bank — did not comment until the publication of this report.
Last week, two companies in the group, Fictor Invest and Fictor Holding, filed for judicial recovery with debts of around R$4 billion. Now, creditors are asking, in the case files, that all companies in the group join the recovery. Among them are Fictor Agro, Fictor Alimentos, Fictor Energia, Fictor Lab, Fictor Means of Payment, Fictor Asset, Fictor Securitizadora and Fictor Master Assessoria de Investimentos.
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The document is signed by lawyer Felipe Gosuen da Silveira, who represents around 50 creditors. In the action, they state that Fictor Invest’s cash value, around R$2,000, is “absolutely insignificant for a company that presents itself as one of the pillars of a ‘Fictor Conglomerate’ and that, notoriously, attracted huge investments”.
Furthermore, the action points out that the bank statements of the two companies that requested judicial recovery reveal that the month of January 2026 began and ended with a zero balance in their current accounts. For the defense of creditors, this indicates a “hollow” financial structure in the companies that formally requested judicial protection.
Given this scenario, creditors argue that there is interconnection and dependence between the group’s companies and that, for an effective recovery, it would be necessary to include the entire conglomerate in the process.
The case is being processed in the 3rd Bankruptcy and Judicial Recovery Court of the Central Civil Court of São Paulo. Last Tuesday, the 3rd, judge Adler Batista Oliveira Nobre granted anticipation of the effects of judicial recovery for the two companies that filed the request. The emergency protection suspends executions, charges and blockades against the group for 30 days.
In addition to the recent request to expand the recovery pole, some names on the list of creditors claim that they are not creditors. This is the case of Sefer Investimentos, which filed a request to be removed from the relationship, in which it appears as having R$430 million to receive from the group.
