They exempt a couple from a debt of € 57,000

by time news

The debt was incurred when applying for several personal loans for necessary expenses, such as a vehicle

EFE The Gran Canarian palms

A married couple from Las Palmas de Gran Canaria has been released from paying a debt of 57,000 euros, contracted
apply for multiple loans personal expenses for necessary expenses, such as a vehicle, under the application of the L
Hey Second Chance by the magistrate of the Court of First Instance Number 14 of the city, Cosme López.

This was announced this Friday in a statement by the Debt Assistance Association, represented by
Ruben Palominowho, despite the fact that an appeal for reversal can be lodged against this order, has stated that “it allows his clients to start from scratch”.

The lawyers of this association emphasize that “thanks to the Second Law, these protagonists have come out of a delicate situation, caused by the job instability that we are experiencing.”

They have explained that
one of the spouses had a stable and indefinite job, but
the other worked temporarilyuntil 2015 practically constantly, which allowed them to request some personal loans for necessary expenses, such as the vehicle they have.

The problem came when the second of them
he was unemployeda situation that lasted for three years, a period during which he received an unemployment benefit “whose amount was considerably less than usual.”

This forced the marriage to give
priority to the maintenance of his two daughters and to the expenses necessary for day to day, for which he incurred “small non-payments on a regular basis”.

This dynamic, explains the association, “only increased the amount owed, given that the
unpaid loans continue to accrue interest and the entire debt rose to
57.000 euros«.

in 2019«Faced with the constant harassment and claims from creditors, they decided to solve it by going to the
Debt Relief Association«, whose lawyers advised them to declare insolvency and take advantage of the Second Chance Law.

until you get to see
canceled all your debtthis marriage achieved in the first place that all payment obligations to creditors were suspended and any execution of embargo was paralyzed, which
gave them reliefbecause they were allowed to save month after month, has detailed the lawyer Pepe Domínguez.

“Once informed of the insolvency of the debtors in the Courts of Las Palmas de Gran Canaria, the
talks with creditorsto which we presented a proposal for an agreement before a notary that did not come to fruition due to the refusal of the creditors“, he referred.

The lawyer emphasizes that the “
failed on this first try of agreement became good news for those interested, since the second of the possible purposes of the procedure was proceeded:
apply for 100% debt reliefwhich was accepted by the Court of First Instance Number 14 of Las Palmas de Gran Canaria, which gave the long-awaited second chance that this marriage was waiting for«.

Dominguez emphasizes that
«Not everyone can access this proceduresince, for this, the judge must verify some requirements that are: the insolvency of the interested party, a debt not exceeding five million euros, the attempt of a payment agreement and that he has not been convicted of socioeconomic crimes«.

Is
judicial resolutionissued on June 2 and by which the Unsatisfied Liability Exemption Benefit is granted, has meant leaving these debtors “free to pay 56,448.49 euros and, in addition, keep their vehicle owned,” he says.

“Since then,
the creditors of the associate -among others Caixabank, EOS Spain, Bankinter or Bankia- n
or they may claim no further payment to the already ex-debtor or include it in files of defaulters«, emphasizes the lawyer of the
Debt Relief Associationwho has ensured that this entity has managed to
forgive debts for 450,000 euros in the Canary Islands during this year by virtue of judgments that can be consulted on its website.

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