New "Toolkit" for Insolvency

Bankruptcy attorney Natalia Cuberos wrote a publication for Asuntos Legales detailing a new bill that updates insolvency legislation in Colombia by incorporating measures from Decrees 560 and 772 of 2020. This legislation brings key tools for businesses facing insolvency, including the non-audit of documents by the government and the introduction of financial relief mechanisms and business recovery. It also establishes more efficient insolvency procedures, predicting positive outcomes for insolvency management.

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