The 19-strong insolvency, bankruptcy and restructuring practice at legal market stalwart Carey represents both creditors and debtors in significant insolvency proceedings and liquidations. The full-service team also assists with reorganisation agreements, restructurings and negotiations; while its corporate lawyers routinely advise on distressed M&A, asset acquisitions and debt restructuring. Also of note, the practice’s wide-ranging sector expertise covers insurance, mining, banking, airlines and tourism (among others). Recent highlights include assisting telecoms company WOM (and affiliates), as Chilean local counsel, in relation to their Chapter 11 cases before the Delaware Bankruptcy Court, the matter involving total debt of approximately $1.7bn. The practice is home to several experienced partners, namely: Ricardo Reveco, who routinely leads high-stakes insolvency litigation; renowned litigator Roberto Villaseca, who has extensive experience in bankruptcy and insolvency matters; and Salvador Valdés, an adviser to corporate clients on bankruptcy issues and distressed M&A. Also integral to the team, Francisco Ugarte assists debtors and creditors with restructurings and insolvencies; Cristián Figueroa is a highly-regarded distressed M&A expert; and Alejandra Daroch is a corporate and M&A lawyer with broad insolvency, bankruptcy and restructuring experience.

The large bankruptcy and insolvency group at full-service law firm Claro & Cia. is highly experienced in Chile-related cross-border proceedings, including several Chapter 11 cases under the US Bankruptcy Code. Offering ‘comprehensive advice throughout the legal stages of proceedings’, the group also fields specialists in domestic insolvencies; and clients notably benefit from the practice’s leveraging of the firm’s corporate and litigation specialisms during debt restructuring proceedings involving complex financing transactions or liquidations. The group is also experienced in clawback lawsuits and criminal complaints involving fraudulent conveyances by defaulting debtors. It recently assisted JP Morgan Chase Bank with the restructuring of telecoms company WOM; and assisted an ad hoc group of ILAP’s creditors (holders of over $440m of senior secured notes), with a voluntary restructuring via a Chapter 11 plan in the US. Among the practice’s several experienced partners, Nicolás Luco is a civil and commercial litigation and arbitration specialist; José María Eyzaguirre B heads up the firm’s M&A offering; and José Luis Ambrosy advises on both creditor and, debtor-side mandates. The department also showcases José María Eyzaguirre F, whose sector expertise covers agriculture, food, consumer, retail, real estate and transportation; and Santiago Bravo, whose wide-ranging practice includes bankruptcy and restructuring work.

Widely lauded for its expertise in financial distress, Nelson Contador & Compañía Abogados is routinely sought out to advise on high-end restructurings and reorganisations, as well as creditor-side bankruptcy proceedings. The firm also fields experienced cross-border insolvency practitioners. Founding partner and former chief lawyer at the National Bankruptcy Prosecutor’s criminal department, Nelson Contador, has 40-plus years’ experience in bankruptcy procedures; María José Contador is experienced in insolvency proceedings; and María Ignacia Contador's workload covers bankruptcy, judicial reorganisations and company liquidation procedures. Other names to note are legal director and financial restructuring and bankruptcy procedure expert Ivan Caldery; and of counsel Daniel Gatica, who is experienced in bankruptcy procedures and civil and commercial litigation.

Part of the firm’s judicial group, Barros & Errázuriz‘s insolvency practice is widely respected for its expertise in bankruptcy and restructuring. ‘Combining solid legal experience with innovative solutions’, the practice’s track record ranges from judicial and non-judicial reorganisations, to contentious bankruptcy law-related proceedings. Acting for both debtors and creditors, the group is also experienced in acquiring the assets of companies that are undergoing liquidation or reorganisation procedures. The four-member team is led by current professor of insolvency law at Universidad Adolfo Ibáñez, Javier San Martín, a dispute resolution specialist whose specialisms encompass bankruptcy, along with contractual law, construction, consumer law and commercial issues. The practice further includes litigation and insolvency expert José Luis Corvalán; and in the firm’s associate ranks, senior Milton Gutcovsky assists debtors and creditors with reorganisations and liquidations, while Alexis Cespedes also has extensive experience in insolvency procedures.

Bofill Mir Abogados' large team covers pre-insolvency and bankruptcy phases, (such as the negotiation and restructuring of liabilities), as well as judicial and extrajudicial reorganisation agreements, liquidation proceedings and cross-border insolvency advice. ‘Available to get the job done’, its coverage also encompasses full compliance with agreements. Recent highlights including representing the interests of beverage company Compañías de Cervecerías Unidas in reorganisation proceedings involving three Unifood business group companies. Asset and liability restructuring specialist Octavio Bofill assists major bondholder groups with cross-border bankruptcy proceedings and regularly participates in creditor committees. In debtor-side matters, Bofill’s track record further includes the reorganisation of major domestic companies, and acting as an expert Chilean bankruptcy law counsel in Chapter 11 proceedings (under U.S. bankruptcy legislation). Rodrigo Saffirio also has extensive experience in bankruptcy, insolvency and restructuring work; while at senior associate level, Gonzalo Barceló is experienced in bankruptcy-related reorganisation agreements and restructurings.

The six-member restructuring, insolvency and bankruptcy team at Dentons traditionally acts for creditors in a range of insolvency proceedings; but it is increasingly sought out by debtor companies to assist with out-of-court reorganisations and judicial proceedings. The group regularly works alongside the full-service firm’s dispute resolution, corporate law, real estate, and banking & finance departments on major insolvency and restructuring mandates. Other notable sector expertise ranges from electricity, mining and agriculture, to agrochemicals, infrastructure, maritime and retail. Key mandates for the team include advising US pizza restaurant chain, Papa John’s International, on the reorganisation procedure of its franchisee in Chile; and representing Grupo Convertidor Papelero in the liquidation procedure of cardboard box provider Helios. Carlos Urzúa's insolvency law practice focuses on representing companies in liquidation and restructuring proceedings; Pauline Chiffelle's recent workload includes a range of insolvency proceedings; and Marcelo Alarcón's dispute resolution practice encompasses insolvency matters. In the associate pool, senior Daniel Cristi assists with bankruptcy work, alongside his corporate and real estate practices; and Alejandro Ipinza focuses on insolvency proceedings, liquidation procedures and restructuring issues.

The restructuring and insolvency practice at Morales & Besa represents creditors and debtors in restructuring and liquidation proceedings involving multiple stakeholders and substantial financial sums. The eight-member department also assists with Chapter 11 and Chapter 15 procedures. Recent highlights include acting as Chilean counsel of the official insecured creditors committee in the restructuring of telecoms company WOM, which sought protection under Chapter 11 in the US for its liquidity issues; and advising DNB Bank (as lender) on the judicial reorganisation proceeding for Chilean salmon farmer Nova Austral. The reorganisation and insolvency team is co-led by Myriam Barahona, who is experienced in domestic bankruptcy reorganisations, Chapter 11 work and financial restructuring; and Gonzalo Cordero, who alongside his insolvency workload focuses on litigation and domestic and international arbitration. Beyond the partnership, director Juan Ignacio Eymin regularly assists with in-court proceedings; while at senior associate level Juan Luis Vial has extensive experience in insolvency matters, and Arantza Pons' practice encompasses reorganisation and liquidation proceedings (including cross-border insolvency mandates). Moreover, the practice was further strengthened with the July 2025 hire of the experienced Juan Luis Goldenberg as a counsel; he returns to the firm after more than 10 years at his own firm, Alcalde, Goldenberg y Cía.

With significant experience in bankruptcy and insolvency processes, Prieto Abogados' six-member group represents creditors from the banking, insurance, retail, energy and technology sectors in liquidations and reorganisation procedures (as well as related litigation). ‘Uniquely positioned in the Chilean market for its comprehensive, multidisciplinary approach’, the team also acts for creditors before creditor committees (further to the approval of reorganisations), as well as on the restructuring and refinancing of financially-distressed companies’ credit. The practice is additionally increasingly mandated to assist debtor companies with voluntary liquidation bankruptcy proceedings. It recently advised Banco Internacional on the second reorganisation of Enjoy, a Chile-based leisure and tourism sector company. The insolvency and restructuring department is co-led by Benjamín Grebe, a specialist in insolvency judicial procedures, restructuring and debt negotiations, whose ‘leadership and insight define the strength of the firm’s’ insolvency practice’; and insolvency proceeding expert Alberto González V, who also co-leads the litigation department. The practice further includes senior associate and civil litigator Vicente Tapia, who focuses on companies’ and individuals’ reorganisation and insolvency proceedings; and counsel Isabel Monge, whose track record includes co-leading major financing and restructuring mandates.

Fielding specialists in bankruptcy, finance restructuring, tax, litigation and white-collar crime, Cariola Díez Pérez-Cotapos' bankruptcy and restructuring group regularly acts for creditors and debtors in liquidation and reorganisation proceedings, including participating in creditor committees. Fernando Urrutia heads up the insolvency, restructuring and bankruptcy practice, in addition to co-leading the firm’s litigation and arbitration offering; and Raimundo Moreno has significant experience in reorganisation and liquidation proceedings, including pre-judicial negotiations amidst financial distress situations. The seven-strong department further includes experienced senior associates José Miguel Flores, José Manuel Donoso and Sergio Balharry.

The multidisciplinary restructuring, insolvency and special situations at Cuatrecasas routinely acts in cross-border insolvencies; and in addition to in- court insolvency and restructuring proceedings, the practice handles out-of-court matters. ‘Highly focused on solving problems’, it further assists creditors, debtors, management teams, and shareholders on restructuring-related transactions. The Santiago group also comprises specialists in litigation, finance, M&A and tax. Leading the team in addition to co-heading the litigation department, Gianfranco Lotito is a restructuring and insolvency expert, particularly cross-border insolvency proceedings; Alfonso Ugarte (currently located in the firm's New York office) advises creditors and debtors on bankruptcy-related restructurings and reorganisations, as well as distressed financing; and Tomás Kubick's broad practice includes insolvency work. Senior associate Andrés Lafuente is also experienced in insolvency proceedings.

García Nadal & Cía has longstanding experience in assisting banks and investment funds with bankruptcies, insolvency proceedings, enforcement processes, and restructurings. The ‘always present’ team also comprises experts in litigation, corporate law, tax, and banking and finance. The principal figures are founding partner Esteban García Nadal, an adviser to banking and financial institutions on bankruptcies and complex litigation; and experienced litigation and arbitration director Juan Patricio Ponce.

The bankruptcy, insolvency and restructuring team at Guerrero Olivos is mandated by corporate debtors, as well as secured and unsecured creditors, in contentious and non-contentious bankruptcy issues. Examples range from negotiations and payment plan structuring, to representing clients before creditor boards, and during all stages of restructuring procedures (such as creditor boards and evidential phases). Sergio Yávar has notable experience in insolvency proceedings and restructurings; while Juan Enrique Allard‘s wide-ranging expertise includes corporate reorganisations. In the associate team, Pablo Rioseco assists creditors and debtor companies with reorganisations and insolvency proceedings.