The insolvency law for non-traded natural persons, in force since 2012, allows people who are not traders. Who have debts in arrears, to find a definitive solution so they do not have ability to pay? Through a simple process, lasting only 60 days, Colombians who have not been able to pay their debts, can have a second chance avoid claims foreclosures auctioned of their assets. Then identify symptoms, which if they occur in the development of your personal financial life, indicate that you should avail yourself of the law of insolvency. Have you used credit card quotas, overdrafts, or revolving credits to pay fees or other credits?
Hundreds of people, who consult us, agree that before the expiration of the payment date and when you do not have the resources to do so, the first alternative they use to be the easiest is to make an advance of another credit card, or use the revolving credit quotas or overdrafts to cover overdue installments. Continue reading “The signs that indicate you are about to file for bankruptcy”