Braskem SA's bondholders are in a scramble to organize themselves following the company's unexpected decision to hire advisers for a capital structure review. This move has taken investors by surprise, leading to a significant drop in the value of its dollar bonds. The situation highlights the uncertainty surrounding Braskem's financial health and raises concerns about the company's future, making it a critical moment for stakeholders involved.

Braskem SA is facing significant financial challenges as its dollar notes fell sharply after the company announced it has hired financial and legal advisers to help improve its capital structure. This move comes in response to a downturn in the petrochemicals sector and the ongoing repercussions of a long-standing environmental disaster. The situation highlights the difficulties Braskem is encountering and raises concerns about its future stability in a competitive market.