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The law firm is a pioneer in the application of this legislation, having been founded in 2015

Repair your Debt, the leading law firm in Spain in the Second Chance Law, has achieved a new debt cancellation in the Basque Country. This is the case of a person from Bizkaia (Basque Country) to whom the Court of First Instance and Instruction No. 2 of Durango (Bizkaia) has granted the Benefit of Exoneration of Unsatisfied Liabilities (BEPI), releasing her from a debt that amounted to 90,340 euros .

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The lawyers of Repara tu Deuda explain the story to us: "many years ago, he requested a loan. Due to different family situations, he was forced to request more. However, as time went by, he was not able to pay the fees imposed and He had to take advantage of the second chance mechanism.

The Second Chance Law came into force in Spain in 2015. That same year the law firm was created to end the difficult situation of many over-indebted people who did not know where to ask for help to get out of the economic loop in which they found themselves. .

Those responsible for Repara tu Deuda Abogados recognize that the Second Chance Law is still little known in Spain. However, there is a long road ahead and, furthermore, more and more debt cancellations are taking place in the country, with favorable rulings every day.

Repair your Debt Abogados is the law firm specialized in the Second Chance Law that has handled the most cases in Spain. Currently, it has exceeded the figure of 110 million euros of exonerated debt, which has made it a benchmark in this market.

The people who have availed themselves of the Second Chance Law in the last year belong to all the autonomous communities. In recent times, the number of those who resort to this mechanism to have a new life has increased. "We are verifying that this reality has entered with force in Spanish households that have seen in the law the possibility of reactivating themselves in economic life," the lawyers explain.

The Second Chance Law allows individuals and the self-employed to cancel the debts they have contracted if they meet a series of requirements. Among them, they must have acted in good faith -collaborating at all times with the Judge-, and the debt cannot exceed 5 million euros.

Contact

Contact name: David Guerrero

Contact description: Contact telephone number: 655956735

Images

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Caption: Cárdenas, client advocate at Repara tu Deuda Abogados Author: Repara tu Deuda Abogados