Trust A Professional Santiago Bankruptcy Lawyer
The Santiago Chile Law Firm of Grupo Vial Abogados

Grupo Vial Abogados
Santiago Bankruptcy Lawyer
Avenida El Bosque Norte 0177
Oficina 602, Piso 6
Las Condes, Santiago, CL Chile

Phone: (56-2) 713 9000
Fax: (56-2) 713 9099
Email Inquiries: http://www.grupovial.cl/en/contacto.php
Website: http://www.grupovial.cl/en/index.php

Top Tips on Filing Corporate Bankruptcy in Santiago Chile

A Grupo Vial Abogados corporate bankruptcy lawyer in Santiago is part of a diverse team of Santiago lawyers with special talent in the areas of corporate bankruptcy, insolvency and debt financing in Chile. Every bankruptcy attorney at Grupo Vial Abogados in Chile takes part in ongoing training, in order to stay competitive in the legal market and provide the best possible service to their corporate and business clients in Santiago bankruptcy cases. Don’t wait until a crisis occurs to seek a corporate bankruptcy lawyer in Santiago. The pre-bankruptcy proceeding may often prevent complete insolvency in Chile.

Professional Advice From A Bankruptcy Law Firm In Santiago Chile - Contact Us
Speak With A Proven Santiago Chile Bankruptcy Lawyer - Call: (56-2) 713 9000

Common elements of a bankruptcy proceeding in Chile include the active party (Sujeto Activo) initiating the bankruptcy, the debtor (Sujeto Pasivo), the bankruptcy attorney and the judicial declaration (condictio iris). In Chile, in order to declare bankruptcy, the corporation must make the request no later than 15 days following the cessation of making payments of a commercial obligation. On another note, the Chilean legal system follows the French example on bankruptcy matters, such as providing certain special conditions under which a given debtor may be adjudicated bankrupt. Bankruptcy is considered the end result of a critical state of insolvency.

There are four alternative grounds that permit a corporation to file a request for bankruptcy: Default (Qualified Debtor), Pending Executions (Titulo Ejecutivo), Fugitive Debtor and Void Nonjudicial Workout Agreement, Your company may be able to reorganize and refinance to prevent final insolvency in Chile. There may be a "debtor in possession," which lends considerable time to present a plan of reorganization. The final plan could also require creditors to take just a small percentage of the debts owed them or to take payment over a long period of time.

Protect Your Assets From Corporate Bankruptcy & Insolvency

If your Santiago Chile corporation is in the process of filing bankruptcy, debt resolution and corporate reorganization are viable alternatives to a bankruptcy filing in Santiago Chile. Under Chilean law, a Santiago bankruptcy attorney's aim is to prevent insolvency, eradicate it and finally, repair its damage to the extent that is possible. You will need a highly regarded bankruptcy lawyer in Chile to understand the intricacies of Chilean bankruptcy law.

The corporate bankruptcy lawyers at Grupo Vial Abogados in Chile have one main objective: to try to protect the Santiago corporation filing bankruptcy from total insolvency. Types of bankruptcy in Santiago Chile that Grupo Vial Abogados handles include:

Santiago Corporate Bankruptcy Attorneys: Ask The Experts

A Santiago Chile corporate bankruptcy lawyer at Grupo Vial Abogados will provide professional legal advice on how best to file bankruptcy in Santiago, and also offer counsel on debt restructuring in Chile, the liability of directors, and all other issues relating to corporate bankruptcy law in Santiago Chile. For commercial businesses in Chile and Latin America that are looking at closing their doors with no other recourse - think again. Grupo Vial Abogados has a team of Santiago bankruptcy attorney advocates specialized in bankruptcy law and ready to assess your situation, offer critical advice, and help your business make the best choices on business bankruptcy issues in Santiago Chile.

Professional Advice From A Bankruptcy Law Firm In Santiago Chile - Contact Us
Speak With A Proven Santiago Chile Bankruptcy Lawyer - Call: (56-2) 713 9000

Grupo Vial Abogados: The Premier Bankruptcy Law Firm in Santiago Chile

The corporate bankruptcy law firm of Grupo Vial Abogados has familial roots dating back to the 1700s. These Santiago bankruptcy lawyers have the utmost knowledge about Chilean labor law and are highly regarded in Latin America as a top labor law firm. Contact a bankruptcy lawyer today to protect your firm and your workers from the many issues that many arise on any given day.