The following research, in partnership with the Faculty of Administration from Universidad del Rosario, is about Alquería, a successful company awarded with the Phoenix Prize. The company got this recognition because after 7 years of being bankrupt it overcame to the adversity and became in one of the most successful companies in the dairy sector in Colombia. During the 90s, Colombia was living an economic opening process, commanded by the president Cesar Gaviria, which proposed to integrate the Colombian economy into the global market. The idea was to offer new opportunities to the national industry, increasing competitiveness and development. The process caused a crisis, forcing the National Government to create the 550 Law from 1999. The purpose was to empower the Government with the necessary tools in order to save the bankrupt companies due to the opened market, giving them the support to overcome to the adversity. Alquería decided to join the Law, beginning a restructuration process, guided by the Superintendence of Corporations. The process took over 7 years, and the objective was to renegotiate the debt with banks and to establish a new consulting group in charge to support the Board of Directors. This document is structured in 3 chapters. The first chapter explains the main issue, in which is exposed the background and the legal framework. The second is about the leadership and the company strategies. And the last chapter presents the managing decisions, going through marketing, finance, human resources and production areas.