The new Chilean bankruptcy law, No. 20.720, incorporates the figure of bankruptcy arbitration as a channel for resolving disputes that arise during the processing of insolvency proceedings, both liquidation and reorganization. It is a novel tool, both in Chile and for comparative law, whose regulation raises various questions that the law does not resolve, what has resulted in the null application of the arbitral institute in this area. This work addresses these problems and offers some answers. © 2020 Pontificia Universidad Catolica de Chile. All rights reserved.