Are all debtors the same? Personal insolvency and debtors' profiles in Chile

In 2014, Chilean bankruptcy legislation underwent a significant change with the enactment of Law 20,720. Among its innovations is incorporating individuals as insolvency subjects and regulating two insolvency proceedings especially designed for them. However, although almost 10 years have elapsed since the entry of this legislation into force, there are few empirical studies on the profile of the individuals who use these procedures. This article presents data from unpublished and exploratory empirical research, suggesting the participation of different types of debtors in the personal insolvency system and raising the need for differentiated procedural tracks, particularly for the most vulnerable ones.