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Madrid, January 4

The exonerated person was for a long time without finding a job and assumed a series of debts

The Court of First Instance no. 371,664 euros. The case has been processed by Repara tu Deuda Abogados, a leading law firm in Spain in the Second Chance Law. SEE JUDGMENTAccording to the lawyers of Repair your Debt, "he was in a good economic moment and could pay everything perfectly. However, the situation turned against him when he was left without a job for a while. It got worse since he could not find sources income for a long period of time and found it necessary to apply for loans in order to support themselves. For this reason, he requested to take advantage of this legislation originating in the United States that aims to give a new life to people in a situation of over-indebtedness. The Second Chance Law is a tool for individuals and the self-employed. It was approved by the Parliament of Spain in 2015. Since then, more than 20,000 people have started the process with the office to have access to financing, assets in their name and get off the delinquency lists. It is an administrative procedure in which the insolvent has to provide the required documentation to demonstrate to the judge that he does not pay his debts not because he does not want to but because he cannot due to the economic situation in which he finds himself. For this reason, acting in good faith is one of the essential requirements to cancel the debts that have been generated. In addition, the amount owed may not exceed 5 million euros in any case. Bertín Osborne, the new image of Repara tu Deuda Abogados, collaborates with the law firm so that the law reaches more people, since many are potential beneficiaries of this mechanism but, even so, they do not know it. "This is a piece of legislation -declared the lawyers- that helps ruined people to be able to start from scratch by eliminating the debts incurred; therefore, it is necessary that it reach the maximum number of people possible". To offer confidence to those who are thinking of taking advantage of Through this process, all the judgments in which the firm is involved are published and available to anyone interested in consulting them. In addition, some exonerated decide to tell their story in the first person and how they are after the result of their process with a view to encouraging other people as well.ContactContact name: David GuerreroContact phone: 655956735