Bankruptcy Law News

With Chile Bankruptcies Rising, Debt Veteran Sees an Opportunity

June 2, 2020, 11:00 AM

Cesar Barros, a financial adviser who oversaw several well-known debt restructurings in Chile including retailer Empresas La Polar SA, is teaming up with consultancy firm TValora to advise distressed companies as bankruptcies are expected to rise in the South American country.

Barros, who is joining TValora partners that he worked with during the La Polar restructuring in 2011 such as Juan Enrique Allard and Carlos Barrios, said in an interview that the venture was recently conceived and the plan would be for this to “mutate” into an investment bank.

The coronavirus-induced lockdown and ensuing economic crisis has already wreaked...

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