The companies avoid going to the bankruptcy process, they do it late and a great majority finish with liquidation; probably because the bankruptcy process does not meet the objective of restructuring companies with financial problems. If the active resources and the granted credit were in balance (standard accounting principle); this problem would disappear; but it certainly is not the case and the problem persists. Thus, our work aims to determine the degree of impairment shown by the assets in bankruptcy proceedings to try to reveal the variables that could explain the greater or lesser impairment. This work highlights the lack of efficiency of the bankruptcy process due to the poor credit satisfaction of its creditors in liquidation. This helps to establish a cause, specifically, the low liquidation value of the assets. This implies that the culture in the bankruptcy process must change one should go to the process as soon as possible and try to balance assets and equity and payable at all times. Keywords: bankruptcy proceeding, liquidation value, efficiency, risk, illiquidity.