2023-06-19 03:07:25
The exonerated had to close the stationery for which he had requested the loans owed
The Commercial Court no. Second Chance Law. SEE JUDGMENT
The exonerated went to Repair your Debtthe first firm that applies in Spain the Second Chance Law, drowned by the situation of over-indebtedness in which he found himself. The debtor applied for the loans to try to continue his business activity. He had a business, specifically a stationery store, which began to suffer financial losses. Finally, he was forced to close the business and stop paying the loans to meet his bills and ordinary expenses.
After studying the case carefully, the lawyers of Repair your Debt procedures were initiated so that the man could take advantage of the Second Chance Law. Once the judge has issued the order, he is released from 100% of his debts.
It should be noted that debt cancellations are taking place every day in some autonomous community of Spain. This is implying that many individuals and freelancers who have suffered a situation of economic blockade trust the services of the firm to reactivate themselves in the economy and start a new life from scratch.
More than 20,000 people have already placed their case in the hands of the pioneering firm in the application of the Second Chance Law. To date, the firm has managed to reach the figure of 150 million euros exonerated through this tool to people who respond to very varied profiles: parents who vouched for their children, small businessmen who set up a business or who carried out investments with results. negative, unemployed people or in complicated work circumstances, individuals who have been victims of deceit, etc.
The lawyers of Repair your Debtspecialists in Second Chance Lawpoint out as some keys to success “have the best expert lawyers in this legislation, use the best digital technology and take into account the human factor, essential to deal with people who are experiencing a situation of anguish”.
The Second Chance Law It allows the exoneration of the debt of individuals and the self-employed if they meet a series of prerequisites. In general, it is essential that the insolvent does not exceed 5 million euros in debt, that the bankrupt has not committed socioeconomic crimes in the last ten years and that they act at all times in good faith, without hiding assets or income. For those who cannot take advantage, the office also offers the cancellation of credit cards, revolving cards, mini-loans, loans and mortgages, analyzing the signed contracts to check if there are abusive clauses.
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