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A Falência is filmed in mid-1966, in the midst of the great economic crisis that led to the disappearance of hundreds of Brazilian companies and the unemployment of approximately 200,000 workers across the country. The film is divided into 4 sequences: the last days in operation Fábrica de Tecidos Confiança, in Vila Isabel; the interior of the abandoned factory; the judicial auction of the company's assets; the conversation of the employees at the barber shop in worker's neighborhood.