The Master case in the United States has gained strength again in recent weeks and continues to advance in American justice with total focus on asset tracking and recovery of assets linked to the Brazilian liquidation process.
According to public records of the case being processed at the US Bankruptcy Court for the Southern District of Florida, in Fort Lauderdale, the dispute remains active and new activity was registered on May 7, 2026.
Behind the legal scenes, the atmosphere is tense. The main conflict revolves around property investigations authorized by the US Courts, which can affect financial documents, movements and assets linked to those being investigated.
Advancement of investigations
The main turnaround came in April, when the person responsible for the judicial liquidation allowed the advancement of the so-called “Rule 2004 subpoenas” — extremely broad instruments used in bankruptcy proceedings in the United States to track assets, demand documents and deepen financial investigations.
In practice, the decision opened the way for the liquidator to continue seeking information on assets and equity structures in the US, albeit with some court-imposed limitations.
Daniel Vorcaro’s defense reacted quickly.
On April 20, 2026, a Notice of Appeal and a Motion for Leave to Appeal were filed, in an attempt to reverse or limit the effects of the court decision. The appeal remains in progress.
Asset freezing
The main process remains based on Chapter 15 of American legislation, mechanism used to recognize foreign insolvency proceedings in the United States.
Since January 2026, the American courts officially recognized the Brazilian settlement as “foreign main proceeding”, which keeps the asset freeze active and strengthens cooperation between Brazilian and American authorities.
In practice, this allows research to cross borders and expand the reach of potential assets located in the US.
Mansion in Florida comes into focus
Another point that draws attention is the parallel action involving Daniel Vorcaro’s family and a
The process, which began in March, is part of the liquidating estate’s asset recovery strategy. The suspicion is that certain assets may have been registered or moved in the name of third parties.
The dispute over this heritage promises to be one of the most sensitive chapters of the case in the United States.
What can happen now?
With the appeal still pending, the case remains focused on two main fronts:
-the expansion of property investigations in the USA;
-the defense’s attempt to limit the scope of the subpoenas authorized by the American court.
Experts estimate that the use of Chapter 15 could become decisive in locating international assets and increasing judicial pressure on those involved.
Meanwhile, the process remains open, active and closely monitored by authorities and the financial market.
*This text does not necessarily reflect the opinion of Jovem Pan.
