https://legal.excellentwiki.com/brazil/insolvency-law/Recent content in Insolvency Law on ExcellentWiki - Legal EncyclopediaHugoen-USTue, 07 Jul 2026 00:00:00 +0000https://legal.excellentwiki.com/brazil/insolvency-law/brazil-insolvency-law/Tue, 07 Jul 2026 00:00:00 +0000https://legal.excellentwiki.com/brazil/insolvency-law/brazil-insolvency-law/<h2 id="introduction">Introduction</h2> <p><strong>Insolvency law</strong> in Brazil (<em>Direito Falimentar</em> or <em>Direito Recuperacional</em>) is governed by <strong>Law 11.101/2005</strong> (the <strong>Bankruptcy and Judicial Reorganization Law</strong>), which replaced the outdated Decree-Law 7.661/1945. The 2005 Law introduced a modern framework focused on preserving viable businesses through <strong>judicial reorganization</strong> (<em>recuperação judicial</em>) while providing an efficient process for <strong>bankruptcy liquidation</strong> (<em>falência</em>) of non-viable enterprises. The law was significantly amended by <strong>Law 14.112/2020</strong>, which incorporated international best practices aligned with the <strong>UNCITRAL Model Law on Cross-Border Insolvency</strong>.</p>