In a conversation with La Tercera, a national daily, our partner Gabriel Palma discussed the increase in the number of bankruptcy filings reported by the Superintendencia de Insolvencia y Reemprendimiento, the highest increase since September 2020, with 126 cases.

According to Gabriel, the increase in these bankruptcy proceedings in certain sectors is to be expected in the current context. He says: “When a crisis starts first with the social outbreak of October 2019, then the Covid in 2020, 2021 and part of 2022, the companies had reserves to hold on for a while, then they resort to restructuring and finally, when the economic activity does not pick up, there is no alternative but bankruptcy”.

See (Spanish)