LOS EFECTOS DE LA EXTINCIÓN DE LOS SALDOS INSOLUTOS EN EL CONCURSO SOBRE LAS GARANTÍAS OTORGADAS POR TERCEROS

Abstract

This paper analyzes the effects of the discharge over securities granted by third parties in favor of an insolvent debtor. The thesis we support is that discharge is a personal legal benefit granted to the insolvent debtor, who shall have a substantive defense in case any of its creditors intends to collect any balance of a pre-bankruptcy claim. Due to  its personal nature, such defense does not benefit any third-party guarantor.