Legal assessment
Has your salary been attached? There is a lawful way out.
Personal insolvency suspends attachments and collection proceedings, and lets you renegotiate all your debts in a single agreement. We assess your case and tell you honestly whether you qualify.
✓ Initial evaluation
✓ Suspends attachments
✓ Agreement matched to your capacity
✓ Lawyers in 4 cities
Response in under 2 business hours.
First consultation
Request your assessment
⏱ Response in under 2 business hours.
🔒 Your data is protected and confidential under attorney-client privilege.
15 +
Years in practice
Accumulated experience advising companies and individuals in Colombia and the region.
7
Countries covered
Colombia, Peru, Ecuador, Venezuela, Chile, Mexico and Panama.
4
Own offices
Bogotá, Medellín, Barranquilla and Lima, with a single point of contact.
2 hrs
Service level agreement
Contractual SLA: every request receives a response in under 2 business hours.
What you get
What happens after you write to us
No sales script and no vague quote. A senior lawyer reads your case and tells you what can be done.
Suspension of attachments
Once admitted, enforcement proceedings and measures over your salary and assets are suspended.
One agreement with everyone
Banks, credit unions and other creditors are bound by the agreement, including those unwilling to negotiate.
No false promises
Insolvency does not erase debts. It restructures them into instalments you can actually pay. We explain exactly what to expect.
Direct answer
Personal insolvency for non-merchants is a legal procedure under Colombian Law 1564 of 2012 that allows a person with two or more debts more than 90 days overdue to renegotiate them before a conciliation centre. Once the application is admitted, enforcement proceedings and attachments are suspended. It is not debt forgiveness: it is a restructuring with a binding payment agreement.
- You have two or more debts more than 90 days overdue
- Your salary or bank account has been attached
- You are paying one debt with another
- You receive collection calls daily
- A creditor filed enforcement proceedings against you
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They advised us on bringing in a foreign investor. What we valued most was being told clearly which clauses we should not accept, even when that lengthened the negotiation.
General Management
Logistics company · Bogotá
“
We arrived with a tax authority request and three weeks to respond. The reply was filed on time and fully supported. The difference was the order they worked with.
Finance Management
Business group · Medellín
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I spent two years paying one debt with another. They explained insolvency without false promises, and today I have an agreement I can actually meet.
Individual client
Client · Barranquilla
Frequently asked questions
Frequently asked questions
Any non-merchant individual domiciled in Colombia with two or more obligations owed to two or more creditors, overdue by more than 90 days, provided those obligations represent at least 50% of total liabilities. If you are a merchant, a different regime applies, which we also handle.
No. Insolvency restructures debts into a payment agreement with viable terms and instalments, and suspends collection proceedings while negotiating. It is an orderly restructuring, not forgiveness. Be wary of anyone offering to erase debts: that does not exist under Colombian law.
The law sets a 60-day negotiation period, extendable by 30 days. In practice, three to five months usually elapse between filing and agreement, depending on the number of creditors and their willingness to negotiate.
Insolvency aims to protect your assets, not liquidate them. Your home can be included in the agreement and kept if the payment plan is viable. Only where no agreement is reached can the process lead to asset liquidation. That is precisely the difference good representation at the hearing makes.
Last step
One message today saves months of uncertainty
Your data is protected and confidential under attorney-client privilege.
Response in under 2 business hours.