In Paraguay, can I restructure my small business debt to avoid insolvency proceedings?

Question

My shop has overdue supplier invoices and a bank loan, and cash flow has dropped for months. I want to keep operating and negotiate a repayment plan without losing my equipment. What options exist under Paraguayan law and what steps should I take first?

MARPAT Abogados · Accepted Answer

Under Paraguayan law, a business with cash-flow difficulties can seek to restructure debts while continuing operations. Main options: Negotiate repayment plans directly with suppliers and the bank, consider a judicial reorganization process to restructure debts while keeping the business running and request refinancing with the bank. In case you need any further advice, please feel free to contact us.

In Paraguay, can I restructure my small business debt to avoid insolvency proceedings?

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