Creditors File Involuntary Ch. 11 For Braskem's US FinCo

By Emily Lever · October 21, 2026, 8:03 PM EDT

Petitioners who say they hold $272 million of debt have filed an involuntary Chapter 11 petition against Braskem America Finance Co., an indirect subsidiary of Brazilian Chapter 15 debtor Braskem SA,...

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Bankruptcy Scorecard

Summary

A trio of creditors kicked off involuntary bankruptcy proceedings against a capital raising group and indirect subsidiary of Brazilian Chapter 15 debtor and petrochemicals group Braskem SA.

Case Number

1:26-bk-12495

Judge

Michael E. Wiles

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

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Documents

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Case Information

Case Title

Braskem S.A. and Antonio Reinaldo Rabelo Filho

Case Number

1:26-bk-11522

Court

New York Southern

Nature of Suit

Date Filed

June 26, 2026

Case Title

Braskem Idesa, S.A.P.I. and Braskem Idesa Ethane LLC

Case Number

4:26-bk-90762

Court

Texas Southern

Nature of Suit

Date Filed

August 17, 2026

Case Title

Braskem America Finance Company

Case Number

1:26-bk-12495

Court

New York Southern

Nature of Suit

Date Filed

October 20, 2026