Facultad del acreedor personal del socio insolvente o del empresario individual para solicitar la disolución de una sociedad de personas o de una empresa individual de responsabilidad limitada

Translated title of the contribution: Entitlement of the personal creditor of the insolvent partner or sole owner to petition for the dissolution of a partnership or single-owned limited liability business

Pablo Manterola*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

This paper aims to ascertain whether the personal creditor of a partner, and also of the sole owner of a single-owned limited liability business, can seek its dissolution due to the insolvency of the debtor, thereby enhancing the debtor’s financial capacity through the distribution of the liquidation dividend. The study delves into the authentic historical context of the Civil Code provisions applicable to the subject in search of their rationale, within the context of general partnerships, limited liability partnerships, and single-owned limited liability businesses. Considering that the interpretation is conditioned by the business form and that the outcome should balance the interests of both business and personal creditors, it is concluded that in general partnerships and individual businesses, the personal creditors of an insolvent partner or owner can seek the winding up of the partnership or the business. In contrast, the personal creditors of a partner in a limited liability limited partnership cannot do so, as it would disrupt the balance between the two groups of creditors.

Translated title of the contributionEntitlement of the personal creditor of the insolvent partner or sole owner to petition for the dissolution of a partnership or single-owned limited liability business
Original languageSpanish
Pages (from-to)123-144
Number of pages22
JournalRevista de Derecho (Chile)
Volume61
DOIs
StatePublished - 2023

Bibliographical note

Publisher Copyright:
© 2023, Pontificia Universidad Catolica de Valparaiso. All rights reserved.

Keywords

  • Partnerships
  • single-owned limited liability businesses
  • insolvency
  • partnership dissolution

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