Presto liquidation: deadline and key points for creditors

The court-supervised liquidation of Franquicias y Concesiones S.A.S., the operator of Presto, marks a crucial stage for anyone owed money by the company. Colombia’s Superintendencia de Sociedades, the corporate supervisory authority, has set a 20-day deadline for submitting claims to the liquidator. The proceedings also involve valuing the assets and exploring a possible sale.

What creditors need to know

According to information released by the liquidator and covered in reports dated 16 October 2026, the deadline for submitting claims is linked to the Superintendencia de Sociedades’ publication of the official notice opening the proceedings. The date of a news report about the liquidation should therefore not be used to calculate the deadline.

The call for claims covers individuals and businesses owed money by the operator, regardless of the amount. Claims must be submitted to Mónica Alexandra Macías Sánchez, who has been appointed liquidator to manage the company’s assets and carry out the liquidation process.

For members of the franchising community with commercial ties to the company, the practical next step is to review the official notice and check the instructions relevant to their claim. An ongoing commercial relationship does not remove the need to submit a claim within the court proceedings.

From restructuring to liquidation

The operator entered restructuring proceedings on 13 July 2023 under Colombia’s Law 1116 of 2006. That process sought to negotiate repayment of its debts and keep the business operating. The restructuring agreement was confirmed on 30 April 2026, but the company was unable to meet the commitments it had made.

On 30 September 2026, its legal representative requested that the restructuring be terminated and liquidation begin, following a decision by the company’s highest governing body. The reasons included a sharp decline in cash flow and difficulties continuing as a going concern.

Reports also cited late and unpaid administration expenses, alongside failures to meet obligations incurred after the agreement was confirmed. Against that background, the Superintendencia concluded that the legal grounds existed to end the restructuring and open court-supervised liquidation proceedings.

The change means that outstanding liabilities will now be dealt with in a new phase of court proceedings, with a liquidator in charge and measures imposed over the debtor company’s assets.

Asset valuations and the search for a buyer

As part of its decision, the Superintendencia ordered the attachment and seizure of the company’s assets and removed its directors and managers from their roles. These measures support the management of the company’s assets during liquidation.

According to Infobae, the company reported assets of approximately COP 46 billion (Colombian pesos). Its restaurants, brand and other saleable assets will be valued as part of the proceedings. That figure represents reported assets, not a confirmed sale price or funds already available to pay creditors.

The liquidator is seeking to sell the business as an alternative to closing its restaurants. As of the information released on 16 October, no buyer had been confirmed. An acquisition therefore remains a possibility rather than a guaranteed outcome.

Priority for employees and monitoring the proceedings

According to published information about the case, employees’ claims have priority for payment during the court-supervised liquidation. The employment liabilities mentioned include outstanding wages, statutory employee benefits and compensation payments.

For suppliers and other creditors, it is important to distinguish between submitting a claim and receiving payment. Neither the reported asset value nor the search for a buyer is enough, on its own, to establish how much each creditor will recover or when.

Practical takeaway: anyone owed money by Franquicias y Concesiones S.A.S. should check the official notice, establish the deadline and submit their claim to the liquidator in accordance with the instructions for the proceedings.