STATEMENT: Repara tu Deuda Abogados cancels €44,633 in Palma de Mallorca (Baleares) with the Second Chance Law


STATEMENT: Repara tu Deuda Abogados cancels €44,633 in Palma de Mallorca (Baleares) with the Second Chance Law

Balearics. April 3, 2023.

The exonerated person worked seasonally and had to resort to bank financing that he was unable to repay

Repair your Debt Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a new debt cancellation in Palma de Mallorca (Balearic Islands). Through the management of Repara tu Deuda Abogados, the Court of First Instance No. 4 of Palma de Mallorca (Baleares) has issued a benefit of exoneration of the unsatisfied liability (Bepi) in the case of a man who had accumulated a debt of 44,633 euros to which couldn't cope. SEE JUDGMENT As the lawyers from Repara tu Deuda explain, "the debtor was in a situation of insolvency given the impossibility of meeting his monetary obligations. He worked seasonally in a hotel. For this reason, he was forced to request loans given that with His payroll was not making it to the end of the month. However, he had to request more to pay the previous ones and used cards for essential expenses. There came a time when he found himself in a loop from which he was unable to get out. He decided to start the process to take advantage of the Second Chance Law. Now you have your cancellation and you can start a debt-free life". Second Chance, a mechanism designed to cancel the debts of individuals and the self-employed, which came into force in 2015. Previously, there had been a recommendation from the European Commission. In September 2022, a reform of the law has been carried out to simplify the process and reduce the time to obtain the second opportunity." Although it was approved several years ago, the truth is that there are still people who are unaware of the existence of this legal mechanism. Others do not use it, mistakenly thinking that it is a more complex process than it really is. A third group cannot afford the high fees that some lawyers request. Repair your Debt Lawyers is the pioneer firm in Spain in the application of the Second Chance Law.Since its inception, it has helped individuals and the self-employed to get out of the situation of over-indebtedness they find themselves in. Currently, it has exceeded the figure of 130 million euros of debt exonerated to people from the different autonomous communities of Spain.This legislation protects individuals and the self-employed by allowing them to be exonerated from their debts as long as they meet a series of prerequisites. In summary, it is enough that the insolvent person has not been convicted of socioeconomic crimes in the last ten years, that he acts at all times in good faith and that the debt does not exceed 5 million.

Contact Contact name: David Guerrero Contact description: David Guerrero Contact telephone number: 655956735