The lack of declaration of insolvency in the Ecuadorian legal system and the possible violation of the creditor's right

Main Article Content

Erika Ivanya Ruiz-Fajardo
Fausto Ricardo Barrera-Bravo

Abstract

The general objective of this scientific article is to analyze the lack of declaration of insolvency existing in the Ecuadorian legal system and the possible violation of patrimonial rights to the creditor. The problem arises because article 416 of the General Organic Code of Procedures establishes that when the debtor does not comply with the execution order ordered by the judge, only the presumption of innocence is contemplated, in this sense it does not occur as in other legislations, that if the debtor does not comply with the execution mandate automatically, in the first place the insolvency is declared by the court of the case, and secondly the debtor can immediately execute the debtor's assets. This problem has caused a lot of discussion because those affected are of the criterion, that their credit is not guaranteed. The methodology used was based on the qualitative approach and for this purpose a comparative analytical method was used, since in order to provide a solution to the problem, provisions of Colombian, Peruvian and Chilean legislation were consulted, in which if there is a precise solution in relation to the problem posed in this investigation. Finally, this article made a proposal to modify article 416 of the COGEP, in order to protect the rights of the creditor and to decree the insolvency of the debtor at the time of not complying with the execution mandate derived from the competent court

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How to Cite
Ruiz-Fajardo, E. ., & Barrera-Bravo , F. . (2022). The lack of declaration of insolvency in the Ecuadorian legal system and the possible violation of the creditor’s right. 593 Digital Publisher CEIT, 7(5-3), 101-114. https://doi.org/10.33386/593dp.2022.5-3.1405
Section
Law
Author Biographies

Erika Ivanya Ruiz-Fajardo , Universidad Católica de Cuenca - Ecuador

Ivanya Ruiz Fajardo, was born on 

December 31, 1999 in the Santiago. 

She was always very good for the 

subjects of Philosophy, Science,  

Language and Literature, she was also a  

member of the music and dance club  

participating in various activities of this  

nature, obtaining awards and recognition. 

Throughout his studies he has 

fascinated the law career, which 

It is evident in the multiple courses 

national and international that has 

carried out, where, among others, the 

diploma "Orality in the System 

Procedure and Oral Litigation  

Techniques” held at the National  

Autonomous University of Mexico-  

Faculty of Superior Studies Iztacala,  

Mexico City DF. 

He has now completed his degree  

of Law at the Catholic University of 

Basin with excellent performance 

academic, which has motivated her to 

carry out this scientific article "The 

lack of declaration of insolvency in the 

Ecuadorian legal system and the 

possible violation of the right to 

creditor". 

Despite all the adversities throughout his  

academic life, studying law has been a  

great blessing from God and for this he  

shows his gratitude by doing his best so  

that the most defenseless people can find  

justice. 

Fausto Ricardo Barrera-Bravo , Universidad Católica de Cuenca - Ecuador

https://orcid.org/orcid-search/search?searchQuery=Fausto%20barrera

Fausto Ricardo Barrera-Bravo, Catholic 

University of Cuenca - Ecuador 

Fausto Ricardo Barrera Bravo was born  

on September 5, 1973 in the city of  

Cuenca, province of Azuay. His primary  

studies were carried out at the Hernán  

Cordero Crespo school, secondary studies at the Benigno Malo and Miguel Moreno Ordoñez schools, obtaining a Bachelor's degree in Social Sciences. He completed his higher studies at the Catholic University of Cuenca obtaining the title of Bachelor of Law and Social Sciences in 2000, Lawyer of the Courts of Justice of the Republic in 2002, Doctor of Jurisprudence in 2004 and Engineer in Accounting and Auditing (CPA) in 2014. Later he obtained the fourth level titles of Higher Diploma in Civil Law Research in 2008. Specialist in Comparative Civil Law in 2009 and Master in Civil Law and Civil Procedure in 2011 at the Autonomous Regional University of the Andes. Master in Labor Law and Social Security at the Catholic University of Cuenca. He is currently studying a Master's Degree in Tax Law at the ECOTEC University. He is currently a PhD candidate at the University of Zulia. He was a councilor for the city of Cuenca in the period 2005-2009. He has been a member of the Board of Directors of the National Board for the Defense of the Atresano in the period 2006 – 2008. President of the Provincial Board for the Defense of the Artisan 2010 – 2018. He currently serves as Director (S) of the Law degree at the Catholic University from Cuenca. 

 

Publications: 

Civil Procedure Law I ISBN: 978-9942-972-97-2, Civil Procedure Law II ISBN: 978-9942-27-061-0, Civil Law IV – Obligations ISBN: 978-9942-27-060-3 , Civil Law IV of Contracts and Commercial, Corporate and Banking Law ISBN: 978-9942-972-96-5 

Labor regime in relation to dependency of persons deprived of liberty in Ecuador, https://www.593dp.com/index.php/593_Digital_Publisher/article/view/948  

Perspective of analysis of the Ecuadorian Constitutional Law to the resistance, https://www.593dp.com/index.php/593_Digital_Publisher/article/view/947 

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