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Seville, December 26, 2023.
The bankrupt requested a loan to start a business that had to close and also lost his home
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 Seville (Andalusia). Through the management of Repair Your Debt Lawyers, the Commercial Court of Seville (First Section) has issued the Benefit of Exoneration of Unsatisfied Liabilities (Bepi) in the case of a man who had accumulated a debt of 119,000 euros to which he I could cope. SEE JUDGMENTAs the lawyers of Repara tu Deuda explain, "their state of insolvency arose as a result of the request for a first loan, of more than 70,000 euros, to start a business together with 3 partners. At first it went well and generated income enough to pay the loan installments. However, after two years they had to close the business because it generated more losses than profits. Because he was unable to meet the mortgage installments, he lost his home to the bank and was left a great remnant." As pointed out by Repair your Debt, "Spain approved the Second Chance Law in 2015. It did so after a recommendation was made by the European Commission to implement a procedure that would allow the cancellation of unaffordable debts. of individuals and self-employed workers."Approved just over eight years ago, the degree of knowledge of this mechanism is greater as time goes by. And it is a tool that has entered with force into Spanish homes who have seen in it the plank they can hold onto to get out of their financial problems. Repara tu Deuda was founded in September of the same year 2015. Since then until now it has managed to exceed the figure of 180 million euros exonerated to its clients, who come from the different autonomous communities and who respond to very different profiles: parents who endorsed their children to buy an apartment, small business owners who set up a business or made an investment that had negative results, people who are unemployed or in complicated work circumstances, individuals who have been victims of some type of deception, etc. This Legislation allows individuals and the self-employed to be exonerated from paying their debts if they previously meet a series of requirements: that the bankrupt has not committed socioeconomic crimes in the last ten years, that he acts in good faith without hiding assets or income and that the amount of The debt does not exceed 5 million euros. For those who cannot be freed through this tool, the firm offers the possibility of canceling credit cards, revolving cards, mini-credits, loans and mortgages. It does this by studying the contracts signed with banks and financial entities to check if there is any type of abusive clause and complain to Cofidis, Moneyman, WiZink, Carrefour, Vivus, Banco Santander, CaixaBank, BBVA, Banco Sabadell, myKredit, Kviku , etc.
Contact Contact name: David Guerrero Contact description: Press Officer Contact telephone number: 655956735