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The exonerated party fell into a situation of insolvency derived from her state of over-indebtedness.

Madrid, August 17, 2023.- Repara tu Deuda Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a new debt cancellation in Madrid. Through the management of Repara tu Deuda Abogados, the Court of First Instance No. 11 of Madrid has issued the benefit of exoneration of the unsatisfied liability (Bepi) in the case of a woman who had accumulated a debt of 220,000 euros that she could not pay forehead. SEE JUDGMENT.

As the lawyers from Repara tu Deuda explain, "the insolvency situation occurred because he had fallen into a state of over-indebtedness, which prevented him from making current payments. For this reason, he decided to start the process to avail himself of the law and reactivate in the economy".

As pointed out by Repara tu Deuda, "Spain was one of the European Union countries that took the longest to incorporate the Second Chance Law into its legal system, doing so in 2015. It is a mechanism designed to offer a way out for individuals and self-employed people who live drowned by payments that they cannot assume".

As time goes by, more and more people are aware of the existence of this legislation. Even so, some still do not know that it is precisely a mechanism that represents the solution to all their economic problems. The law firm has more than 20,000 clients and the forecast is that this number will continue to increase as a result of the high number of people who make inquiries on a daily basis and also because the exonerated decide to encourage others to start the process.

Repair your Debt Lawyers has helped since its inception in September 2015 to individuals and freelancers to be exonerated of their debts. In fact, to date, it has achieved the cancellation of more than 160 million euros to people who come from the different autonomous communities of Spain. This means that they can get out of delinquency lists, stop receiving distressing calls from banks and financial institutions and register possible future assets in their name.

This legislation allows them to live without debt if they meet a series of requirements. In general, it is essential that the bankrupt has not been convicted of socioeconomic crimes in the last ten years, that they always act in good faith and that the amount owed does not exceed 5 million euros. For those who cannot use this mechanism, the firm also offers the possibility of canceling credit cards, revolving cards, mini-loans, loans and mortgages by claiming Cofidis, Moneyman, WiZink, Carrefour, Vivus, Banco Santander, CaixaBank, BBVA, Banco Sabadell, myKredit, Kviku, etc.

ContactContact name: David GuerreroContact telephone number: 655956735