Overview
- The liquidator EFB Regimes Especiais de Empresas said on December 29 that the creditor list remains under consolidation and validation.
- FGC estimated about 1.6 million eligible creditors and roughly R$41 billion in deposits at liquidation, making this one of its largest cases.
- There is no legal deadline for starting reimbursements, and previous liquidations have ranged from roughly 30 days to more than four months before payments began.
- After FGC receives the validated list, individuals will request reimbursement through the fund’s app and companies through its website, with credits sent to registered bank accounts.
- Reports confirm the emergency-loan contract allowed suspending support if the bank or its controller faced PF or MPF investigations, a clause that intersected with a probe opened before the Central Bank ordered liquidation on November 18.