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It is the law firm that has canceled the most debt in Spain, exceeding 110 million euros exonerated
Repair your Debt, 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 local person to whom the Court of First Instance No. 4 of Palma de Mallorca (Baleares) has granted the Benefit of Exoneration of Unsatisfied Liabilities (BEPI), releasing her from a debt that amounted to 34,241 euros. SEE JUDGMENT The lawyers from Repair your Debt explain the story to us: "a direct relative of his had a serious health problem and the treatment was very expensive. For this reason, he was forced to ask for loans and cards to cover those expenses. The situation overwhelmed him and he suffered an over-indebtedness from which he could not get out".
The Second Chance Law came into force in Spain in 2015. Although it is not yet widely known, more and more individuals and self-employed people are turning to it to cancel the debts they have contracted that they cannot afford.
Repair your Debt Abogados has been dedicated since its inception in September 2015 to the application of the Second Chance Law. Its degree of specialization has led it to be the undisputed leader in the debt cancellation market for individuals and the self-employed, having exceeded the figure of 110 million euros exonerated.
It should be noted that the Second Chance Law is a reality in all parts of the country. And it is that the exonerated belong to the different autonomous communities of Spain and come from very different circumstances: relatives who endorsed others, people who opened a business and did not obtain the expected results, unemployed, victims of scams or divorces, etc.
As the lawyers from Repara tu Debt explain, "it is a legislation that has come to stay. And it is that in this time we have been able to see that more individuals and self-employed people have verified that it is a real tool that offers them a way out of their problems to thus enjoy a new life".
The Second Chance Law allows the debts of these people to be canceled as long as they meet a series of requirements: they must have acted in good faith, the amount of the debt cannot exceed 5 million euros and they cannot have committed any socioeconomic crime in the last ten years.
Contact name: David Guerrero
Contact description: Contact telephone number: 655956735
Caption: Bertín Osborne, image of Repara tu Deuda Abogados Author: Repara tu Deuda Abogados