Brazil's Once-Richest Man Gets Ready for Oil Company Bankruptcy

Batista Photograph by Jonathan Alcorn/Bloomberg

OGX Petróleo e Gás, the oil company controlled by Eike Batista, is preparing to file for bankruptcy protection, putting $4 billion in bonds and loans into default. The filing could come as early as today, according to Bloomberg News, and would be the largest corporate debt debacle in all of Latin America.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.