In addition to being a legally accepted mechanism, the insolvency law provides many other advantages and benefits for you.
What is it?
Insolvency of non-trading individuals and small traders
It is a law that seeks to help people with debts that they have not been able to pay, for reasons beyond their control, and as a consequence they are in arrears. This law provides the opportunity to organize the payment of debts through an agreement that the debtor makes with its creditors, where the amount and term of payment of their debts is negotiated.