Number increased from 2,184 in 2024 to 2,466 last year, according to data from Serasa Experian
The number of companies undergoing judicial recovery in Brazil reached 2,466 in 2025, an increase of 13% compared to the 2,184 in 2024. The amount represents a record. The data comes from the Bankruptcy and Judicial Recoveries Indicator, from .
In 2025, the The agricultural sector had the most companies in judicial recovery: 743 companies. The value represents 30.1% of the total of 2,466. The Services sector came next, with 739 (30%). Then, Commerce with 535 (21.7%) and Industry with 449 (18.2%).
“Agriculture operates under a set of climatic and biological risks such as drought, excess rain, frost, pests and diseases. Added to this are commodity price shocks, dollarized inputs such as fertilizers and pesticides, exchange rate exposure and a longer harvest-off-season financial cycle, which amplifies revenue and cash volatility”said Serasa Experian’s chief datatech economist, Camila Abdelmalack.
Requests for judicial recovery, which can cover more than one company each, totaled 977 last year, an increase of 5.5% compared to 2024 (926).
According to the Serasa Experian study, the increase in judicial recoveries reflects the challenging environment for companies, with more selective credit, pressure on cash and
These factors lead more companies to use the instrument to renegotiate debts and avoid bankruptcy, which keeps the level of stress in the productive sector still high, despite the drop in bankruptcies.
BANKRUPTCY
Last year, 698 companies filed for bankruptcy, a drop of 19% compared to the 862 in 2024. In historical perspective, the total for 2025 remains well below 2012 (1,810), a reduction of 60% in the period.
According to Serasa Experian, with the evolution of legal instruments and credit recovery practices, the scenario regarding company bankruptcy has changed. Currently, there are more appropriate and effective alternatives for suing debtor companies. The need to resort to bankruptcy as a means of collection has become less.
METHODOLOGY
The Bankruptcy and Judicial Reorganization Indicator is prepared based on a monthly survey of the number of processes and CNPJs involved in bankruptcy and judicial recovery requests. The data is from the Serasa Experian database.
The nature of the indicator implies information lags due to the procedural course and communication deadlines by the competent bodies. Therefore, updating data on a monthly basis is retroactive. Therefore, the deadline has a delay of 3 months.
The indicator is segmented by major economic sectors using aggregations of the divisions of the national code of economic activities, provided by the (Brazilian Institute of Geography and Statistics), covering only legal entities.
