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Get rid of your debts! Learn the requirements to apply for the personal insolvency law

Feeling overwhelmed by your debts? The natural person insolvency law may be the solution you're looking for. Discover the necessary requirements to qualify for this law and free yourself from your debts with the help of Ladfi Consulting Latam, experts in the field. Meet the requirements and say goodbye to your financial problems!


 

How to qualify for the natural person insolvency law?


Ladfi Consulting Latam has the answer.


The natural person insolvency law is a tool that allows natural persons, entrepreneurs, and business owners to face insolvency situations more effectively. If you're interested in qualifying for this law, it's important to know the necessary requirements and procedures to do so effectively.


In this article, we present everything you need to know to qualify for the natural person insolvency law and how Ladfi Consulting Latam can help you successfully face this situation.


What is the natural person insolvency law?


The natural person insolvency law, also known as the Second Chance Law, is a tool that allows natural persons, entrepreneurs, and business owners to face insolvency situations more effectively. This law seeks to give a second chance to people who are in difficult economic situations, allowing them to restructure their debts or even liquidate them, without implying the total loss of their assets.


What are the requirements to qualify for the natural person insolvency law?


To qualify for the natural person insolvency law, it's necessary to comply with certain requirements established by the law. Some of the most important requirements are:


Being a natural person, entrepreneur, or business owner and not having more than two years of commercial activities.

Being in a situation of insolvency, that is, unable to meet economic obligations.

Having previously attempted to make payment agreements or debt restructuring with creditors without success.

Not having been found guilty in a previous bankruptcy proceeding.

Having paid the corresponding taxes for the last two years.


What is the procedure to qualify for the natural person insolvency law?


The procedure to qualify for the natural person insolvency law is a complex legal process that requires the advice and representation of a specialized lawyer. Some of the main stages of the procedure are:


  1. Submission of the request for qualification for the natural person insolvency law before the competent court.

  2. Submission of necessary documentation, such as financial statements and tax declarations.

  3. Designation of a bankruptcy administrator, who will be responsible for supervising the debt restructuring process.

  4. Preparation of a payment plan or liquidation plan, as appropriate.

  5. Approval of the plan by the competent court and supervision of compliance with the plan by the bankruptcy administrator.


How can Ladfi Consulting Latam help you?


The process of qualifying for the natural person insolvency law can be complex and confusing, so it's important to have the advice and representation of experts in the field. In this sense, Ladfi Consulting Latam can help you at every stage of the process, offering specialized and personalized services.


Among the services offered by Ladfi Consulting Latam to help you in the qualification process for the natural person insolvency law are:


  1. Specialized legal advice and representation on the subject.

  2. Evaluation of the financial situation and preparation of a payment plan or liquidation plan, as appropriate.

  3. Accompaniment in meetings with creditors and the competent court.

  4. Supervision of compliance with the payment plan or liquidation plan by the bankruptcy administrator.

  5. Advice on tax and accounting matters.

  6. Training in financial education to avoid future insolvency situations.


In summary, qualifying for the natural person insolvency law can be an opportunity to overcome a difficult economic situation, but it's important to comply with the requirements and have the advice and representation of experts in the field. In this sense, Ladfi Consulting Latam is a reliable and specialized option in the process of qualifying for the natural person insolvency law. Don't hesitate to contact us for more information on how we can help you

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