for debt, in reorganization and seizure of assets



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This was reported by the economy portal Valora Analitik, which specified that the request to enter this process as a natural person was presented by the attorney for Celedón, the lawyer Francisco José Ordoñez.

The Guajiro singer is in a state of default, because has financial obligations, acquired by his work as a musician, with more than 90 days of expiration for an accumulated value that represents 23.5% of the total existing liability, which as of December of this year is equivalent a debt greater than $ 3,847 million, indicates the aforementioned request cited by the financial medium.

So things, Celedón has less than 10 days to present an update of the inventory of its assets and liabilities “Supported by a statement of financial position, a statement of comprehensive income and notes to the financial statements,” added Valora Analitik.

The artist is also obliged to present a project of qualification and graduation of credits and determination of voting rights, said La FM.

According to that station, the millionaire debt is mostly due to financial creditors and with this reorganization process to which he was admitted, the singer will seek to renegotiate the payment of his credits.

Within this procedure before the Superintendency of Companies, that entity also decreed the seizure of the property subject to the musician’s property registration, added radio frequency.

The reorganization figure to which Jorge Celedón submitted is regulated by Law 1116 of 2006, which establishes the business insolvency regime, whose objective is “the protection of credit and the recovery and conservation of the company as a unit of economic exploitation and a source of employment, through the processes of reorganization and judicial liquidation, always under the criterion of adding value ”.

Regarding the reorganization process, the Senate of the Republic clarifies in the document that supports the aforementioned law, that This “intends, through an agreement, to preserve viable companies and normalize their commercial and credit relationships, through its operational, administrative, asset or liability restructuring ”.

Jorge Celedón’s crisis situation is known months after the artist denounced 2 robberies of which he was a victim this year that, apparently, has not been the best for the former member of the ‘Binomio de Oro’, since they first robbed him his bicycle, which he finally managed to recover, and then a group of criminals entered to rob his farm in Santander.

In the midst of these setbacks, the singer of ‘This Life’ has not lost optimism and, on his Instagram account, published this Saturday a photo accompanied by a Christmas and self-care message for his followers.



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