Fernando del Sol, President of Inversiones FS in Chile, just bought yourself a headache like a real New Year. As of December 31, 2001, he acquired the Chilean generation and transmission company called Edelnor, which was in danger of becoming insolvent in a few months. Del Sol was six months to restructure the company, before it becomes completely untenable, and his headache is aggravated by the fact that the process of reorganization of the company in Chile usually runs in the courts, often for two or more years. Any debtor, no matter how small, can hold up the process at any time by issuing a written complaint to the court. Del Sol is needed to determine whether a company is worth saving, whether it has a business strategy that could succeed if the company's debt was restructured, and if he can find a way to save the company over time. "Hide
by Jordan Siegel Source: Harvard Business School 12 pages. Publication Date: February 20, 2007. Prod. #: 707473-PDF-ENG
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