Many Latin American companies have used Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code) as a powerful tool to successfully effectuate a consensual restructuring of their balance sheet. The onset of the covid-19 pandemic has shown that Chapter 11 can also be used as a tool to effectuate a full financial and operational restructuring, as we have seen in the Aeromexico, Avianca and LATAM Airlines cases. This chapter discusses the various features of Chapter 11 and the types of Chapter 11 cases that are available to aid a Latin America company’s restructuring.