Contact Us

The Importance of Debt Collection Lawyers in Colombia

July 19, 2021

565
Facebook Twitter LinkedIn Google+ Pinterest WhatsApp
Copy link Your browser does not support automatic copying, please select and copy the link in the text box, then paste it where you need it.

Debt Recovery Lawyer Reading a Book
If you are a foreign company or natural person and you need to make a debt recovery process in Colombia, you must understand how important it's to have the best debt collection lawyers in Colombia. To do the debt recovery in Colombia you will always need lawyers licensed to make this practice.

What do Debt Recovery Lawyers in Colombia Do?

Debt Collection Lawyer Signing a DocumentThe lawyers who practice their profession in debt collections or debt recovery in Colombia are dedicated to initiating legal proceedings before civil judges and the courts, in order to demand the payment of a clear, express, and enforceable obligation, this type of obligation can be legally demanded through a judicial process called executive process.

In this type of legal process, what is sought is the payment of the already recognized obligation together with the seizure of the debtor's assets that serve to support the payment of the debt. If you want a legal advice, ask our professionals at: (310) 5706331.

How Can the Debt Recovery Process be Done in Colombia?

Coins with a Colombian FlagThe first thing that must be analyzed is whether there is a document that allows proving the debt, and prove that such debt is an obligation, clear, express, and currently enforceable. These documents are normal checks, letters of credit, payment letters, promissory notes, contracts, payment agreements, among others. Once it's determined that the document contains a clear, express, and enforceable obligation, you must grant power of attorney to a lawyer licensed to practice in Colombia, to draft the lawsuit and present the case before a civil judge in the city where reside the debtor.


After filing the claim before a civil judge, he will admit the claim and subsequently order payment in favor of the creditor and simultaneously order the seizure of the debtor's assets to support the obligation and guarantee payment. However, it is most advisable for the recovery attorney to make sure that the debtor has not sold his assets for the purpose of being insolvent.

It is also very important that the debt collection attorney in Colombia initiate the judicial process in front of the corresponding judge requesting the seizure of the debtor's bank accounts. Ask for our legal services in the next contact form.

It is very important to clarify that debt recovery processes in Colombia can take a long time since the Colombian judicial system has many delays and congestion of pending cases, so the recommendation as collection lawyer in Colombia will always be to start the process judicial as soon as possible, simply with the delay in the debtor's payments. As recovery lawyers in Colombia, we do not recommend waiting too long to hire a collection attorney and file a collection claim.

Debt Collection Lawyers in Colombia

Debt Recovery Lawyer in ColombiaAt AGT ATTORNEYS we have more than 10 years of experience representing foreign clients as recovery lawyers in Colombia, we have represented many cases before Colombian judges in defense of foreign clients from different parts of the world, with the only objective of being the best debt collection lawyers in Colombia.

For a collection lawyer in Colombia to be successful in the recovery work, her experience and the strategy proposed in each particular case will be very important. It will always be very important to investigate the debtor and his assets, to know where he lives and in which bank accounts the debtor handles his money.

At AGT ATTORNEYS we also represent companies to which other companies owe money in Colombia, in this case, it will be very important to seek advice from expert debt collection lawyers against companies in Colombia.

Related articles:
Portfolio Recovery in Colombia

If you found this article helpful then let us know in the comments section below. Likewise, feel free to share it using the share options below. Want us to cover another topic of your interest pertaining to legal affairs? If so, then like us and follow us on social media, and post to any of our social media profiles the topic you'd like us to discuss: Facebook AGT Attorneys and Twitter @AttorneysAGT

565
Facebook Twitter LinkedIn Google+ Pinterest WhatsApp
Copy link Your browser does not support automatic copying, please select and copy the link in the text box, then paste it where you need it.
Categories: Collections

Don't Miss These Other The Most Read Articles
Business Man in Front of a Computer

May 02, 2023

How to Incorporate a Company in Colombia? All you Need to...

If you want to start a process of company incorporation in Colombia or trademark registration in Colombia, you have to know all the legal frame...

Read more
how does a foreign company pay taxes in colombia

October 09, 2023

How Does a Foreign Company Pay Taxes in Colombia?

Colombia offers appealing opportunities for foreign companies to expand operations, highlighting promising routes for commercial development. F...

Read more
How to incorporate a branch in Colombia?

March 21, 2023

How to incorporate a branch in Colombia?

Learn how to successfully incorporate a branch of your foreign company in Colombia by following the legal procedures and requirements. Get expe...

Read more
How to get a cannabis license in Colombia for cultivation and/or manufacturing?

February 04, 2019

How to get a cannabis license in Colombia for cultivation...

Colombia is becoming the new global leading in the medical cannabis business, in 2015 the government sign a decree legalizing and regulating th...

Read more
Leave your comment
0 Comments
Contact Usx
For more information, call us or fill out our form
Enter code 71047
Chat Agent Image
James
Online Agent
Chat Now
Write to Whatsapp