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This Aspatore legal title provides an authoritative insider's perspective on the intricacies of the South American commercial bankruptcy system. Featuring articles written by partners from law firms across various countries in South America, including Argentina, Brazil, Peru, Chile, and Bolivia, this book guides the reader through the available options for bankruptcy clients, including reorganization, liquidation, and out-of-court proceedings. These top lawyers discuss how to create and implement an effective bankruptcy strategy, with details on tailoring the strategy to fit a client's situation, negotiating with creditors and trustees, protecting a client's assets, and overcoming common hurdles