Free tool # Renegotiation or liquidation? Find out which one fits your case Six questions to work out which of the two procedures under Law No. 20,720 (Ley N° 20.720) applies to your situation. **This is preliminary guidance, not legal advice.** The result is worked out only from what you answer, and it takes no account of your documents or your actual file. It is not a legal opinion and not a promise of any outcome. Every case needs individual analysis by a lawyer. **About your data** The result is calculated in your browser and we do not record your answers. The only external connection on this page asks mindicador.cl for the day’s UF value, in order to convert the legal minimum of 80 UF into pesos; the detail is in our [Cookie Policy](https://rvsolucioneslegales.cl/en/cookies/). If you decide to contact us, that form does collect personal data and is governed by our [Privacy Policy](https://rvsolucioneslegales.cl/en/privacy/). **On the discharge of debts:** unpaid balances are discharged by operation of law when a liquidation ends, but with exceptions. Family support payments, divorce compensation payments and obligations arising from crimes or negligent wrongs are not discharged, and the court can deny the discharge, in whole or in part, if it upholds a bad-faith incident. On the state-guaranteed student loan (Crédito con Aval del Estado) the Supreme Court has ruled both ways (Rol 10.927-2022 and Rol 141.426-2023). The law provides that the discharge does not release guarantors, sureties or joint co-debtors, although the case law there is divided as well. The renegotiation procedure before the [Superintendency of Insolvency and Re-entrepreneurship](https://www.superir.gob.cl/perfil-deudor-requisito-renegociacion/) is free and does not require a lawyer: representation is optional in renegotiation and mandatory in liquidation, which is a court case. In La Araucanía the Superintendencia is at Claro Solar 835, floor 14, Edificio Torre Campanario, Temuco. R&V Soluciones Legales · Hochstetter 1002, K Business Center, Oficina 708, Temuco · Last reviewed against the law: August 2026. --- Source: R&V Soluciones Legales, law firm · Hochstetter 1002, K Business Center, Oficina 708, Temuco, Chile · Phone and WhatsApp: +56 9 8231 2974 · Book a consultation: · Site index for AI assistants: *The information on this site is general in nature and does not constitute legal advice. Every case requires a specific analysis.*