Trustee OS
Trustee OS para Chile

The operating system for the veedor and the liquidador.

Built on Ley 20.720 as amended by Ley 21.563, for reorganización, liquidación and renegociación.

The framework

Four procedures.

Procedimiento Concursal de Reorganización

Court-supervised restructuring under Protección Financiera Concursal.

Procedimiento Concursal de Liquidación

Voluntaria or forzosa.

Liquidación Simplificada and Reorganización Simplificada

Streamlined tracks for micro and small enterprises and for individuals, introduced by Ley 21.563 in force 11 August 2023.

Renegociación

A free administrative procedure run entirely by the Superintendencia, with no court.

The role

What the veedor and the liquidador have to do.

  1. 01

    Veedores and liquidadores are natural persons on SUPERIR's nómina.

  2. 02

    Appointment is distinctive: SUPERIR asks the three largest creditors to propose a name, nominates the one with the first majority, and falls back to a draw only if no proposals arrive (arts. 22 and 37).

  3. 03

    Qualification requires a degree of at least ten semesters or a título de contador auditor, five years of verified practice, a knowledge examination held twice a year, and a bond of 2,000 UF.

  4. 04

    SUPERIR publishes, per practitioner, exam scores, number of procedures, successful agreements, average fees and sanctions.

  5. 05

    The liquidador must seize and inventory the estate, realise it, make distributions, and hold funds in a separate interest-bearing account for each procedure, in that procedure's name (art. 36).

  6. 06

    Claims are verified within a defined ordinary period, objected to within ten days, and published as the nómina de créditos reconocidos in the Boletín Concursal (arts. 170–179).

  7. 07

    The Cuenta Final de Administración follows within 30 days.

The Boletín is public. The reconciliation behind it is still manual.

The caseload

The market, in five numbers.

insolvency procedures in 2025, up 67%
12,333
renegociaciones, up 146%
4,815
company liquidations
681
company reorganisations, down 39%
42
on the nómina — 120 liquidadores and 28 veedores
148

SUPERIR, Reporte Estadístico Anual 2025 and Radiografía, March 2026.

Why now, specifically

One hundred procedures per liquidador.

Volume rose 67% in a single year against a nómina of 120 liquidadores and 28 veedores — roughly one hundred procedures per liquidador. The first quarter of 2026 set an all-time record for renegociaciones.

Every resolution ordered to be published goes to the Boletín Concursal within two business days, and is deemed served on insertion. The clock does not care how many files you are carrying.

The modules

Mapped to Chilean vocabulary.

i.

Verificación de créditos → nómina de créditos reconocidos

Every filed claim read, reconciled and posted, traceable to source.

ii.

Incautación e inventario

Assembled and cross-checked under the art. 36 duty.

iii.

Publicación al Boletín Concursal

Resolutions posted within the two-business-day rule.

iv.

Portal de acreedores

Creditors answered without a call, on the same register.

v.

Repartos y Cuenta Final

Distributions calculated and the Cuenta Final de Administración drafted from them.