October 19, 2026
Brazilian petrochemical and plastics company Braskem told a New York bankruptcy judge Monday it plans to pursue a Chapter 11 restructuring if its Chapter 15 case falls through due to a recent decision by a Brazilian court that disentangled the case in its home country from proceedings in the U.S.
June 30, 2026
A New York bankruptcy judge granted provisional Chapter 15 relief to Braskem SA on Tuesday, allowing the Brazilian petrochemical and plastics company to use bankruptcy's automatic stay to pause creditor actions against its U.S. assets as it seeks to restructure its roughly $11 billion in funded debt.