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Barcelona, January 31, 2023.
He tried to negotiate his situation with the banks but, failing to reach any agreement, he decided to take advantage of 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 Catalonia. Through the management of Repara tu Deuda Abogados, the Court of First Instance No. 4 of Terrassa (Barcelona) has issued the benefit of exoneration of the unsatisfied liability in the case of an insolvent person with a debt of 93,340 euros that he was unable to assume. SEE JUDGMENT As the lawyers for Repara tu Debt explain, "he was requesting loans from the bank. When he saw that he could not meet the payments, he negotiated an agreement to resolve his financial situation. However, since he did not achieve any type of solution, he decided start the process to start a new life from scratch". As recalled from Repair your Debt, "Spain was one of the latest countries in the European Union to incorporate the Second Chance Law into its system, doing so in 2015. It is a mechanism provided for natural persons, including to the self-employed, they can reactivate themselves in economic life and get out of the delinquency lists. It was launched after the Recommendation of the European Commission made in 2014. "As the number of people who cancel their debts increases, so does the number of requests that are made. At this time, there are more than 20,000 individuals and self-employed individuals who have already placed their over-indebtedness case in the hands of Repara tu Deuda Abogados to get out of the loop in which they find themselves. The firm's lawyers have been dedicated, since its inception in September 2015, to the application of the Second Chance Law. This has led them to have a high degree of specialization in this tool, which has positioned it as a benchmark in its application by exceeding 120 million euros exonerated to its clients, who come from all over the national territory. This legislation allows individuals and the self-employed to be exonerated from their debts if they previously meet some basic requirements. In summary, it can be said that in order to benefit from the Second Chance Law, it is sufficient that the amount of the debt does not exceed 5 million euros, that the bankrupt always act in good faith, without hiding assets or income and collaborating at all times with the judge, and that he has not been sentenced for socioeconomic crimes during the last ten years.Repara tu Deuda Abogados has an app for Android and IOS, baptized with the name of MyRepara, which helps to further reduce the costs of the procedure and allows full control, as well as lawyers being able to attend meetings via video call.
ContactContact name: David GuerreroContact description: David GuerreroContact telephone number: 655956735