Originally posted at Cali insolvencias, my other blog.
As this is my first post in English, I beg for your comprehension if a grammar error is committed. Also, if you see a grammar error please leave the comment below.
Colombia’s Código General del Proceso (General Procedure Code) (Law 1564, 2012) establishes the insolvency regimen for non -Trader people (natural persons who don’t develop mercantile acts. And allows debtors to negotiate any type of debt with their creditors in a non-judicial conciliation procedure.