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Madrid, March 2

The exoneree was left without a job for a long period of time and was unable to repay the amount owed

Repair your Debt Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a new debt cancellation in Catalonia. Through the management of Repara tu Deuda Abogados, the Court of First Instance no. euros that he could not cope with. SEE JUDGMENT As the lawyers from Repair your Debt explain, "in his case, his debt accumulated due to a credit card that he had and was paying off but whose repayment never ended. In addition, he was fired from his job and spent a long time without finding a new job. He decided to start the process to take advantage of the Second Chance Law. Now he has his cancellation and can start a life free of debt". It took a long time to incorporate the Second Chance Law into its system, a mechanism provided for natural persons, including the self-employed, to cancel their debts, access new financing and reactivate themselves in the economy.It did so in 2015, one year after the recommendation by the European Commission for this legislation to come into force". Despite having been approved a little over seven years ago, many people are still unaware of the existence of this legislation. you legal mechanism. Others do not start the process because of the high fees that some lawyers request or, simply, because they think that the process is more complicated than it really is.Repara tu Deuda Abogados has helped, since its inception in September 2015, many individuals and freelancers in desperate situations who did not know where to ask for help. This means the cancellation of 130 million euros of debt to its clients, who come from all the autonomous communities of Spain. This legislation protects individuals and the self-employed since it allows them to be exonerated from their debts if they meet a series of prerequisites. In summary, it is enough that the amount of the debt does not exceed 5 million euros, that they have not been convicted of socioeconomic crimes in the last ten years and that they act at all times in good faith, without hiding assets or income.

ContactContact name: David GuerreroContact telephone number: 655956735