Overview
- A São Paulo appeals judge granted a liminar freezing R$500,000 in assets tied to Grupo Fictor at the request of an investor who stopped receiving agreed SCP payments.
- The freeze follows a prior court block of R$150 million linked to a credit card operations guarantee that was not being honored.
- A report from the court-appointed administrator updated the creditor count to about 12,000 and kept total liabilities near R$4.1 billion, with roughly R$2.7 billion owed largely to unsecured SCP investors.
- Judge Adler Batista Oliveira Nobre set a 30‑day perícia to assess the group’s condition, and attorneys note asset blocks can proceed until a definitive ruling on the recovery request.
- Creditors are forming an association to coordinate action and oppose any haircut, Fictor says it does not intend to impose discounts, and regulators and police are examining the SCP structure and alleged financial crimes.