RELEASE: Repara tu Deuda Abogados cancels €118,051 in Segovia (Castilla y León) with the Second Chance Law

(Information sent by the signatory company).

RELEASE: Repara tu Deuda Abogados cancels €118,051 in Segovia (Castilla y León) with the Second Chance Law

(Information sent by the signatory company)

Segovia, February 2, 2023.

The exonerated person had to close his business due to the 2008 economic crisis and resorted to the Second Chance Law

Repair your Debt Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a debt cancellation in Segovia (Castilla y León). Through the management of Repara tu Deuda Abogados, the Court of First Instance No. 2 of Segovia (Castilla y Léon) has issued an exoneration of the unsatisfied liability in the case of a person who had accumulated a debt of 118,051 euros that he could not meet. SEE JUDGMENT As the lawyers for Repara tu Deuda explain, his case is as follows: "he worked under the self-employed regime to carry out his work with a copy shop serving companies. Later, he expanded the business and requested the first credits to make an investment and buy a renovated premises and a vehicle. With the global crisis of 2008, the business was affected as sales decreased significantly and payments were delayed, in some cases 160 days. In addition, the business suppliers did not give them time to pay , which led to an inevitable crisis in the business. It closed, had to sell the premises and the vehicle purchased to pay the credits and bills. In addition, it tried to negotiate with financial institutions, without achieving any satisfactory result". your Debt, "Spain was one of the countries that took the longest to incorporate the Second Chance Law into its system, a mechanism provided for the cancellation of debts of natural persons, including the self-employed. It did so in 2015, one year after the recommendation made by the European Commission to put this mechanism into operation." The number of people who use this tool to have access to a second chance is increasing. In fact , there are already more than 20,000 individuals and self-employed individuals who have put their story of over-indebtedness in the firm's hands to reactivate themselves in economic life.Repara tu Deuda Abogados is a benchmark in this market for debt cancellation of individuals and self-employed individuals since it was established from its inception in the same year 2015 as a leader in its application.At the moment, it adds more than 120 million euros exonerated to its clients, who come from all the autonomous communities of Spain.This legislation allows individuals and freelancers to be released from their debts if they meet a series of basic requirements, thus, the amount of the debt must never exceed 5 million euros, the bankrupt cannot have been sentenced for socioeconomic crimes in the last ten years and must always act in good faith, collaborating at all times in the process and not hiding assets or income.Repara tu Deuda Abogados has an app available for Android and IOS, known by the name of MyRepara, which serves to further reduce the costs of the procedure and total control of the process, as well as lawyers being able to attend meetings via video call.

ContactContact name: David GuerreroContact description: David GuerreroContact telephone number: 655956735