| Summary: | Insolvency regimes are procedures established by national legislation in which a person, whether natural or legal, trader or non-trader, may face the economic adversities that impede them from paying their debts, and consequently impact their legal, economic, social and family spheres.
Even though these regimes are legal adaptations embraced by Colombia, with the aim of implementing diverse strategies to deal with insolvent debtors, the principal emphasis is based on debt restructuring practices, and not on the liquidation or elimination of the debtors’ assets. This perspective allows a reshaping of the financial and organizational structure of debtors with economic difficulties to enable the restoration and continuity of their businesses and activities, allowing them to remain current and active in the monetary cycle.
Based on the above, the purpose of this book is to show the community and the academia the progress and evolution of these procedures, how they operate within the national legislation and how they have been interpreted through the decisions of the high courts, offering a harmonic and systematic vision, which refutes false interpretations and expose in its reality this legal subject.
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