CHL GVT Bankruptcy Liquidator Actions

Published on: Mar 25, 2025

On Mar. 21, CHL GVT issued rules re bankruptcy liquidators' actions.

  • CHL GVT published Exempt Resolution 11.655 to modify Exempt Resolution 7.203.
  • Res 7.203 approved instructions that regulate the actions of bankruptcy liquidators, for the fulfillment of obligations imposed on them by CHL Law 21.389, CHL Law 14.908.
  • Highlights
  • Compliance with obligations re family abandonment and child support payments.
  • Distributions to alimony or maintenance creditors of Debtor subject to liquidation proceedings must be in bank accounts registered in the Registry of Alimony Debtors.
  • No later than the day after the court's ruling ordering publication in Bankruptcy Bul.
  • In accordance with CHL Law 20.720 without further consultation with Alimony Registry.
  • Unless the family court determines that the support payment is not appropriate.
  • Liquidator is obliged to make the withholding(s) referred to in Articles 8, 11, 11 bis of Law 14.908 to withhold amount equivalent to payment due of month after termination.
  • Liquidators must submit a quarterly report to this Superintendency on the support payments they make in the bankruptcy proceedings in which they intervene.
  • Effectiveness
  • The next quarter will be Jan. 1 to Mar. 31, 2025, report no later than Apr. 30, 2025.
  • Instructions will apply upon email to liquidators, no prejudice to official publication.
Regulators
CHL GVT
Entity Types
B/D; Bank; CNSM; Pension
Reference
OG, CVE-2622495, 3/21/2025; Res 11.655, 8/13/2024; Citation: *CHL Law* 21.389, 14.908, 20.720;
Functions
Compliance; Financial; Legal; Reporting; Resolution
Countries
Chile
Category
State
N/A
Products
Banking; Deposits; Payments; Pensions
Rule Type
Final
Regions
Am
Rule Date
Mar 21, 2025
Effective Date
Apr 30, 2025
Rule ID
247987
Linked to
N/A
Reg. Last Update
Mar 21, 2025
Report Section
International