Madrid, November 16, 2023.

The exonerated person suffered a loss of income and fell into a situation of over-indebtedness

Repair Your Debt, Spain's leading law firm in the Second Chance Law, has achieved another debt cancellation. This is the case of a man, a resident of Las Rozas (Madrid), to whom the Court of First Instance No. 47 of Madrid has granted the Benefit of Exoneration of Unsatisfied Liabilities (BEPI), freeing him from a debt that amounted to 138,076 euros. SEE JUDGMENTThe applicant's insolvency derived from over-indebtedness caused by the loss of income that he had suffered. After studying his case, the lawyers of Repara tu Deba decided to start the procedures so that he could benefit from the second chance mechanism. The Second Chance Law is increasingly known in Spain, in part due to the dissemination work carried out by Repara your Debt Lawyers. Specifically, it can be said that there are already more than 20,000 people who respond to very different profiles who have put their case in the hands of the law firm to start again from scratch.Repara tu Deuda Abogados is the firm specialized in the Law of Debt. Second Opportunity in Spain has handled the most cases since it was founded in September 2015, the same year this mechanism was approved. It is also the one that has canceled the most debt, having already exceeded the figure of 170 million of exonerated debt. It is important to highlight that the people who have taken advantage of the Second Chance Law belong to the different autonomous communities of Spain. "We have made large investments in technology and in publicizing the Second Chance Law throughout the country. We can say that this mechanism is here to stay and more and more people have already resolved their history of over-indebtedness," the lawyers explain. The Second Chance Law allows you to cancel the debts of individuals and the self-employed who are in a situation of over-indebtedness. For this to be possible, it is enough for the bankrupt to meet a series of requirements: that he acts in good faith, that he has not been convicted of socioeconomic crimes in the last ten years and that the debt does not exceed 5 million euros. For people who cannot use the Second Chance Law, the office also offers them the possibility of analyzing the contracts signed with banks and financial entities. The objective is to analyze whether there are abusive clauses for the cancellation of credit cards, revolving cards, mini-credits, loans and mortgages and to be able to claim from 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