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Revista de derecho (Valparaíso)

versão On-line ISSN 0718-6851


CARVAJAL ARENAS, Lorena. The insolvency state of the Micro, Small and Medium Enterprise. A Corporate View. Revista de Derecho de la Pontificia Universidad Católica de Valparaíso [online]. 2019, n.53, pp.125-145. ISSN 0718-6851.

This paper attempts to offer a coherent scheme to the judge in order to determine the insolvency estate of the Micro, small, and medium enterprises (MSMEs). This subject is relevant for the possible intersection between the company assets and those of the entrepreneur, as a natural person. This situation, frequent in practice, is not considered by Chilean law, because, even if MSEs are particularly vulnerable to becoming financially distressed, in general, national laws do not provide special rules for this critical stage in a MSMEs financial life. In order to attain the objective declared, an exegetical and dogmatic work takes place drawing on the soft law and legal, judicial and scholar standards from national and comparative sources (from the United States, Italy and Canada). It is pointed out, as a conclusion, that the judge must adopt a holistic approach, i.e., there must be considered corporate assets and the assets of the proprietor, which are used for running the business.

Palavras-chave : Commercial Law; micro, small, and medium enterprises; insolvency; assets.

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