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

Author

Listed:
  • Claudio Bonilla
  • Ronald Fischer
  • Rolf Lüders
  • Rafael Mery
  • José Tagle

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.

Suggested Citation

  • Claudio Bonilla & Ronald Fischer & Rolf Lüders & Rafael Mery & José Tagle, 2004. "Análisis y Recomendaciones para una Reforma de la Ley de Quiebras (Analysis and Recommendations for Reform of the Bankruptcy Law)," Documentos de Trabajo 191, Centro de Economía Aplicada, Universidad de Chile.
    • Handle: RePEc:edj:ceauch:191
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    References listed on IDEAS

    as
    1. Philippe Aghion & Oliver D. Hart & John Moore, 1994. "The Economics of Bankruptcy Reform," NBER Chapters, in: The Transition in Eastern Europe, Volume 2, Restructuring, pages 215-244, National Bureau of Economic Research, Inc.
    2. Tirole, Jean, 2001. "Corporate Governance," Econometrica, Econometric Society, vol. 69(1), pages 1-35, January.
    3. repec:cep:stitep:/1992/250 is not listed on IDEAS
    4. Oliver Hart, 2000. "Different Approaches to Bankruptcy," NBER Working Papers 7921, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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