Author

León Larrain

Browsing

Introduction

On October 9, 2014, Chile’s entire bankruptcy regulation experienced the most profound modification in decades. The new Law of Insolvency and Re-Entrepreneurship provides a completely new set of rules for bankruptcy and insolvency, including new debt reorganization proceedings for companies and for individuals. The law was designed to simplify and shorten insolvency and bankruptcy procedures and make them more efficient and flexible.