STATEMENT: Repair your Debt Lawyers cancels €51,000 in Madrid with the Second Chance Law

(Information sent by the signatory company).

STATEMENT: Repair your Debt Lawyers cancels €51,000 in Madrid with the Second Chance Law

(Information sent by the signatory company)

The exonerated man suffered a divorce and also ceased his business activity

Madrid, March 20, 2024.- Repara tu Deuda, Spain's leading law firm in the Second Chance Law, has managed to cancel a debt that amounted to 51,000 euros in Madrid by applying the Second Chance Law. SEE JUDGMENT

The lawyers of Repara tu Deuda explain their story: "their state of insolvency arose when they requested financing to undertake a business venture, to purchase household items necessary for their home and, lastly, to purchase and sell a vehicle. At first had no problem in paying the installments. However, the debtor went through a breakup and subsequent divorce, which is why he needed more loans to cover the costs of the legal defense. From then on, the debtor no longer He would rely more on the financial support of his ex-partner, with all the debt falling on him. Unfortunately, the business was billing less and less, only generating enough to pay suppliers without profits. This situation could not last any longer, so the The debtor had no choice but to cease the activity, looking for other ways to continue paying. Fortunately, the debtor found employment, but the relationship ended and to this day, he is receiving a disability pension that is lower than the income he had. until now".

Now, thanks to Repara tu Deuda Abogados and the Second Chance Law, the bankrupt can start over without debt after the Commercial Court No. 4 of Madrid dictates the Benefit of Exoneration of Unsatisfied Liabilities (BEPI) in his case, with which he is free of all his debts.

Repara tu Deuda Abogados began its activity in the field of debt cancellation in September 2015, the same year in which the law came into force in Spain. In all this time, it should be noted that it has recently exceeded the amount of 200 million euros of debt canceled through this mechanism.

The law firm represents in court more than 23,000 people who have put their case in the hands of the pioneers in Spain in the application of this legislation. Some of those who have come to the firm have done so encouraged by the testimony of others who have offered them hope at times when they did not know how to get out of the difficult situation in which they found themselves.

Repair your Debt tries to adapt to the different circumstances of its clients with the aim that no potential beneficiary is left carrying debts for life that they cannot assume. "These people who come to us do not pay because they cannot, not because they do not want to. This mechanism represents a real relief for their economy and for their emotional support. For this reason, it is essential to offer them the different options so that no one is left without having the second chance."

The profile of people who resort to this mechanism to start a new life from scratch is very varied: small entrepreneurs who set up a business or who made investments in it with negative results, people who are unemployed or who have experienced work difficulties , individuals who have been victims of some type of deception, scam or divorce, parents who guaranteed their children, etc.

The office can also analyze contracts signed with banks and financial entities. In this sense, the objective is to check if 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 name: David Guerrero

Contact description: Press Officer

Contact phone: 655956735