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The debtor was left without a job and could not pay the growth of the mortgage installments

Lleida, March 16, 2023.- Repair your Debt, the leading law firm in Spain in the Second Chance Law, has achieved another debt cancellation in Catalonia. This is the case of a man, a resident of Lleida (Catalonia), to whom the Court of First Instance no. 150,776 euros. SEE JUDGMENT The lawyers of Repara tu Deuda explain the story to us: "the situation of the debtor comes from when he and his ex-partner bought a flat. Later they sold it and moved. As the economic situation was favorable to them, they bought another house. When the In the 2008 crisis, the mortgage payment increased and the debtor became unemployed. His already ex-partner changed the name of the house, and, later, the bank auctioned it off, thus keeping the debtor with the remainder. He had to request several loans to be able to cover their most essential expenses". The Second Chance Law came into force in Spain in 2015. That same year the law firm was created to solve the situation of many indebted people who did not know how to get out of debt. debt loop they found themselves in. This mechanism still has a long way to go in our country as more and more people are aware of its existence.Repara tu Deuda Abogados is the law firm specializing in the application of the Second Chance Law in Spain and also the one that has handled the most cases. At this time, it has achieved the figure of 130 million euros of exonerated debt. It should be noted that the people who have availed themselves of the Second Chance Law belong to the different autonomous communities of Spain since it is a procedure that is being applied in all the courts of the country. "We have made great efforts to publicize the Second Chance Law and we have been the ambassadors of the Second Chance Law since our beginnings in Catalonia," the lawyers explain. The Second Chance Law allows individuals and self-employed individuals in a state of insolvency to be exonerated from their debts if they meet a series of specific requirements. Thus, the bankrupt must act in good faith, not have been convicted of socioeconomic crimes in the previous ten years and the debt cannot exceed 5 million euros. Issuer: Repara tu Deuda Abogados

ContactContact name: David GuerreroContact telephone number: 655956735