Seville, April 27, 2023.

They could not meet the loans requested for the mortgage on their old home

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 Seville (Andalusia). Through the management of Repara tu Deuda Abogados, the Court of First Instance no. could cope. SEE JUDGMENT As the lawyers from Repara tu Deuda explain, "the debtors requested a mortgage loan on their old home. Later, and with the arrival of the crisis, they could not continue paying the mortgage installments and were forced to request other loans. Finally, they had to sell the house and even so they had a remainder of the mortgage, as well as the rest of the loans they had requested. They found themselves in need of stopping payments in order to meet their ordinary expenses." According to Repara tu Deuda, "Spain approved the Second Chance Law in 2015. It was one of the European Union countries that took the longest to do so. It is a mechanism provided for the cancellation of the debt of the natural persons, including the self-employed at this point. A reform of this mechanism has recently been approved, aimed at facilitating the procedures and expediting the times for the final resolution of the case."After several years in force, more and more people are aware of the existence of this legislation. In fact, more than 20,000 individuals and freelancers have put their history of over-indebtedness in the hands of the law firm, with a view to starting from scratch without debt. At first, some are distrustful, but when they see the real cases and the sentences won, they conclude that it is worth starting the process. Since its inception, Repara tu Deuda Abogados has managed to cancel more than 135 million euros exonerated to its clients, who come from all the autonomous communities of Spain. For those who cannot take advantage of this tool, the firm also offers the cancellation of credit cards, revolving cards, mini-loans, loans and mortgages. The Second Chance Law protects individuals and the self-employed by allowing them to be exonerated from their debts if they comply with a set of requirements. Thus, in general terms, it is essential that the amount of the debt does not exceed 5 million euros, that the bankrupt act in good faith, without hiding assets or income, and that they have not been convicted of socioeconomic crimes in the last ten years. .

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