Análisis y Recomendaciones para una Reforma de la Ley de Quiebras (Analysis and Recommendations for Reform of the Bankruptcy Law)

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Análisis y Recomendaciones para una Reforma de la Ley de Quiebras (Analysis and Recommendations for Reform of the Bankruptcy Law)

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Claudio Bonilla
Ronald Fischer
Rolf Lüders
Rafael Mery
José Tagle ()

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Abstract

Este trabajo presenta una evaluación general del sistema de quiebras en Chile, así como propuestas para mejorar el funcionamiento de éste. El trabajo incluye una comparación del sistema chileno con los sistemas de quiebras de otros países. Por último, presenta antecedentes sobre la tasa de recuperación de créditos; las costas y la duración de los procesos de quiebra; y la tasa de recuperación de acreencias en función del orden de prelación de los acreedores. Se muestra que el proceso de quiebras sufre una serie de deficiencias: i) las impugnaciones entorpecen los procedimientos, ii) el mecanismo de elección de síndicos no es compatible con los objetivos de la ley, iii) la calificación de la quiebra no debería formar parte del proceso de quiebra, iv) los procedimientos de convenios para evitar quiebras pueden ser mejorados; y, iv) el procedimiento de quiebras se puede transformar mediante el traspaso ágil de la propiedad de los activos a los acreedores. Los magros resultados del sistema actual (pese a ser relativamente buenos en el entorno latinoamericano) se verifican con la observación que los procesos son lentos y caros; y que los acreedores valistas reciben sólo un 3% de lo que se les adeuda.

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Paper provided by Centro de Economía Aplicada, Universidad de Chile in its series Documentos de Trabajo with number 191.

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Date of creation: 2004
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Handle: RePEc:edj:ceauch:191

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Oliver Hart, 2000. "Different Approaches to Bankruptcy," Harvard Institute of Economic Research Working Papers 1903, Harvard - Institute of Economic Research. [Downloadable!]
Other versions:
- Oliver Hart, 2000. "Different Approaches to Bankruptcy," NBER Working Papers 7921, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Tirole, Jean, 2001. "Corporate Governance," Econometrica, Econometric Society, vol. 69(1), pages 1-35, January.
Other versions:
- Jean Tirole, 2000. "Corporate Governance," CEI Working Paper Series 2000-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
- Tirole, Jean, 1999. "Corporate Governance," CEPR Discussion Papers 2086, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
Aghion, Philippe & Hart, Oliver & Moore, John, 1992. "The Economics of Bankruptcy Reform," Journal of Law, Economics and Organization, Oxford University Press, vol. 8(3), pages 523-46, October.
Other versions:
- Aghion, P. & Hart, O. & Moore, J., 1992. "The Economics of Bankruptcy Reform," Working papers 92-11, Massachusetts Institute of Technology (MIT), Department of Economics.
- Philippe Aghion & Oliver Hart & John Moore, 1992. "The Economics of Bankruptcy Reform," NBER Working Papers 4097, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
- P Aghion & O Hart & J Moore, 1992. "The Economics of Bankruptcy Reform," CEP Discussion Papers 093, Centre for Economic Performance, LSE.

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