Ambipar Said to Ready Bankruptcy Filing for as Soon as Next Week

Struggling Brazilian waste management company Ambipar Participações e Empreendimentos SA is working with advisers to prepare a bankruptcy filing for as soon as next week, according to people familiar with the matter.

The company is set to file for so-called judicial recovery in a Rio de Janeiro court, one of the people said, asking not to be identified discussing a private matter. Conversations are still ongoing and the timing may change, the people added.

Ambipar, based in São Paulo, declined to comment.

Late last month, Ambipar was granted emergency protection from creditors after telling a court it was at risk ...