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The Importance of Debt Collection Lawyers in Colombia

July 19, 2021

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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.

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Categories: Collections

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