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Braskem S.A. Announces Involuntary Chapter 11 Petition Filed Against Subsidiary America Finance
Source: Nasdaq
Legal & LitigationCredit & Bond MarketsCompany Fundamentals
On October 21, 2026, FFI Fund Ltd., FYI Ltd. and Olifant Fund Ltd. filed an involuntary Chapter 11 petition against Braskem America Finance Company, an indirect subsidiary of Braskem S.A., in the U.S. Bankruptcy Court for the Southern District of New York. The report concerns a petition against that subsidiary; it does not state that the parent company filed for bankruptcy or that the petition was granted.
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