Individuals
If you get daily calls, your salary has been attached or you no longer know whom to pay first, there is a lawful way out. It is not magic and it does not erase the debt, but it stops the bleeding and gives you back control.
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.
Scope
We check whether you meet the legal requirements and whether insolvency is the best route before charging anything.
Preparation of the asset inventory, creditor list and payment proposal for filing before the conciliation centre.
On admission, enforcement proceedings and precautionary measures over your salary and assets are suspended.
We represent you before banks, credit unions and other creditors to reach a sustainable agreement.
Terms and instalments matched to your real capacity to pay, binding on all creditors.
Support during performance of the agreement and credit bureau management once completed.
Intent signals
How we work
01
An initial session where we map your real exposure: what risk exists today, its financial impact and how urgent it is.
02
We deliver scope, deliverables, timelines and fees in writing before signing. You know exactly what you get and what it costs.
03
A senior lawyer owns your matter end to end, with direct, unfiltered access. Every request is logged on the platform.
04
Periodic reporting on real status, regulatory alerts for your sector and an annual review of your legal risk matrix.
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.
The report stays in place during the process, but once the payment agreement is performed the record can be updated. We manage that update with the source and the bureau as part of post-agreement support.
First consultation
Tell us what is happening. A senior lawyer in this area will read it and reply within two business hours with a first assessment and no commitment.
The person who assesses you is the person who would run the matter.
Scope, deliverables and price before any engagement is signed.
Every request is logged on the platform with a visible status.
First consultation
⏱ Response in under 2 business hours.
🔒 Your data is protected and confidential under attorney-client privilege.
Related practice areas
Most cases touch more than one area. These are the ones that most often come up alongside this matter.
Direct renegotiation with banks and supervised financial institutions, without going to court.
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Divorce, custody, maintenance, succession and marital property division, with genuinely human support.
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Leases, purchases, investments, dation in payment and promise agreements: reviewed before signing, not after.
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Next step
A 30-minute diagnostic with a senior lawyer, with no obligation to engage. You leave with a clear read on your risk and what to do first.
Response in under 2 business hours.
