Insolvency and Restructuring
Insolvency proceedings allow a distressed company to restructure its debts or wind up in an orderly way before a single judge, treating creditors of the same class equally. We act for debtors and creditors under Law 1116 of 2006 and Law 2437 of 2024, and for individuals under Law 2445 of 2025.
Insolvency and Restructuring services
- Viability assessment before filing
- Corporate reorganisation proceedings before the Superintendence of Companies
- Mediation and negotiation of creditor agreements
- Judicial liquidation of companies
- Creditor representation: filing claims, objections and voting on the agreement
- Personal insolvency for individuals and small traders
Lawyers in this practice
Questions about insolvency and restructuring
- What is the difference between reorganisation and liquidation?
- Reorganisation seeks to preserve a viable business through an agreement with creditors on payment terms, while the company keeps operating. Liquidation applies when recovery is not possible: the assets are sold and the proceeds distributed among creditors according to the statutory order of priority.
- What happens to enforcement actions when a company enters reorganisation?
- Once the proceeding opens, no new enforcement claims can be admitted against the debtor, and pending ones are transferred to the insolvency judge. Creditors of the same class are then paid on equal terms, rather than according to who sued first.