As a result of accumulated debts around BRL10 billion ( USD5, 7 billion, EUR4, 5 billion ), on August 20, 2010, at the request of the administrator, the 1st Business Court of Rio de Janeiro declared Flex, which included remaining assets of Nordeste, bankrupt and initiated the process of liquidation.

As a result of accumulated debts around BRL10 billion ( USD5, 7 billion, EUR4, 5 billion ), on August 20, 2010, at the request of the administrator, the 1st Business Court of Rio de Janeiro declared Flex, which included remaining assets of Rio-Sul, bankrupt and initiated the process of liquidation.

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