{
  "id": 3845736,
  "title": "Brazil’s Habib’s Files for Judicial Recovery as OSX Creditors Back US$1.5 Billion Plan",
  "url": "https://urgent.news/2026/08/27/brazils-habibs-files-for-judicial-recovery-as-osx-creditors-back-us-1",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-27T23:10:43.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/habibs-osx-judicial-recovery-2026/"
  },
  "original_language": "en",
  "account": "Brazilian fast-food chain Habib's filed for judicial recovery on August 24th, declaring R$265.2 million (US$51.5 million) in debt. On the same day, OSX's creditors, formerly owned by Eike Batista's shipbuilding company, unanimously approved a restructuring plan covering R$7.5 billion (US$1.5 billion) of debt. Habib's, which operates Ragazzo and Tendall restaurants, maintains that its establishments remain open, attributing financial challenges to the lingering effects of the COVID-19 pandemic. However, OSX did not file for protection this week, having previously done so in January 2024, and the final confirmation of its plan still awaits a Rio de Janeiro court decision. While all unsecured creditors backed the plan, the labor class voted against it. The restructuring process will be supervised by a Sã Paulo court, while OSX's case will be handled by a Rio de Janeiro court.",
  "summary": "Habib's owner filed for judicial recovery in Brazil with R$265.2 million (US$51.5 million) of debt, while OSX creditors approved a R$7.5 billion (US$1.5 billion) plan. The post Brazil’s Habib’s Files for Judicial Recovery as OSX Creditors Back US$1.5 Billion Plan appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}