(Information sent by the signatory company)

Jerez de la Frontera, December 11, 2023.

The exonerated person suffered a 50% reduction in his income and was unable to pay the loans previously requested.

Repara tu Deuda Abogados, a leading law firm in Spain in the processing of the Second Chance Law, has achieved a debt cancellation in Jerez (Cádiz). Through the management of Repair Your Debt Lawyers, the Court of First Instance No. 7 of Jerez de la Frontera (Cádiz) has issued the Benefit of Exoneration of Unsatisfied Liabilities (BEPI) in the case of a man with a debt of 92,000 euros to which I couldn't cope. SEE JUDGMENTAs the lawyers of Repara tu Deuda explain, his case is as follows: "having a good economic level, he decided to apply for some loans and cards that he would pay later since he could afford it. Years later, his salary was reduced 50%, which meant that he could not repay his debts. To try to get out of this situation, he generated new loans to meet the previous ones, although he was not able to solve the situation. of Second Chance in 2015. This legal procedure allows the cancellation of debts for people who cannot make the due payments. Approved more than 100 years ago in the United States, it has been used by such well-known figures as Walt Disney or Steve Jobs. His spirit is to offer a second chance to those people in a situation of over-indebtedness so that they do not have to live drowned by payments that they will not be able to assume. In this way, it also seeks to eliminate the stigma experienced by those who have suffered economic setbacks." . Repair Your Debt Lawyers launched its legal activity precisely in September 2015, the same year in which this tool was approved by Parliament. Since its inception, it has been able to resolve the doubts of many desperate people who did not know how to get out of the distressing situation in which they found themselves. The law firm has more than 20,000 clients who come from the different autonomous communities of Spain and whose point of Union is the state of insolvency and the need to find a satisfactory solution to all your debt problems. The forecast is that this number will continue to increase in the near future as a result of the fact that this law is becoming more and more known and that some of those exonerated decide to tell their story in the first person, encouraging others to begin the process. The degree of specialization in the application of this legislation has led the firm to be the outstanding leader in the debt cancellation market for individuals and the self-employed. So far, it has managed to exceed the figure of 170 million euros exonerated to its clients through this mechanism. This legislation allows both individuals and the self-employed to be exonerated from their debts if they meet a series of requirements. In general terms, it is enough that the bankrupt acts at all times in good faith, that he has not been convicted of socioeconomic crimes in the last ten years and that the amount of the debt does not exceed 5 million euros of debt. To the people who cannot be beneficiaries of the second chance tool, Repara tu Deuda Abogados offers them the possible cancellation of credit cards, revolving cards, mini-credits, loans and mortgages. The legal office analyzes the contracts signed with banks and financial entities to check if there is any type of abusive clause and thus 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