Mallorca, September 27, 2023.
The interest rate on her credit card was very high and she subsequently divorced and retired
Repara tu Deuda, the leading law firm in Spain in the Second Chance Law, has achieved another debt cancellation in Palma de Mallorca (Balearic Islands). This is the case of a man to whom the Commercial Court No. 1 of Palma de Mallorca (Balearic Islands) has granted the Benefit of Exoneration of Unsatisfied Liabilities (BEPI), freeing the bankrupt from a debt that amounted to 17,000 euros. SEE SENTENCEThe lawyers of Repara tu Deuda explain the story to us: "his state of insolvency originated when he requested financing to purchase furniture and appliances necessary for his home. To do so, he used a credit card and at first he had no problem in meeting the As time went by, after having paid for many years, the debtor realized that he had only repaid a very small amount. The interest rate applied on the credit card was very high, making the repayment It lasted forever without knowing when he would finish repaying everything. The debtor went through a divorce, so he no longer had the financial support of his ex-partner. He reached the legal retirement age, starting to collect a pension that was smaller than what he "The Second Chance Law came into force in Spain in 2015. Although there are still those who are unaware of the existence of this tool, they It is true that more and more people trust it to get out of the state of over-indebtedness in which they find themselves. More than 20,000 people, from the various autonomous communities, have put their case in the hands of the firm.Repara tu Deuda Abogados, created precisely in September 2015, is the office specialized in the application of the Second Chance Law with the most cases has carried and also the one that has canceled the most debt, having exceeded the figure of 170 million euros of exonerated debt. The forecast is that, taking into account that the law is becoming more and more known and that many people have already taken the step of telling their story of over-indebtedness, this amount of debt relief will increase in the near future. "We have made great efforts, both human and economic, so that many people who can benefit from the Second Chance Law are aware of this tool. We can say that all this effort is worth it and that we have verified that it is a mechanism that has come to stay," the lawyers explain. The Second Chance Law allows the cancellation of debts of individuals and self-employed workers who are in a situation of over-indebtedness. In general terms, it is enough that the bankrupt acts in good faith, that the debt does not exceed 5 million euros and that he has not been convicted of socioeconomic crimes in the last ten years. For people who cannot resort to this mechanism, 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
