São Paulo Court Grants Fictor Judicial Recovery as Creditor List Is Disputed

Overview

• Judge Adler Batista Oliveira Nobre accepted the case for Fictor Holding and Fictor Invest and temporarily suspended executions, seizures and asset freezes.
• The court ordered a forensic assessment of the companies and demanded a corrected creditor list after American Express and Sefer denied being creditors, with the filing citing 13,041 creditors.
• Fictor reports approximately R$4.2 billion in liabilities and says clients requested R$2.1 billion in withdrawals through January 31, equal to about 71% of invested funds.
• A prior São Paulo ruling had blocked R$150 million tied to Fictor Pay card guarantees, and individual collection actions are now stayed under the recovery process.
• Operating subsidiaries were excluded to keep businesses running and preserve jobs, while regulatory and criminal investigations linked to the Banco Master episode continue.