The exonerated person was affected by COVID-19 and had to stop assuming the loans previously contracted
Madrid, August 3, 2023.- Repara tu Deuda, the leading law firm in Spain in the Second Chance Law, has managed to cancel a debt that amounted to 46,000 euros to a man in Madrid by applying the Second Chance Law. SEE JUDGMENTThe lawyers of Repara tu Deuda explain their story to us: “he decided to start a project and, to overcome the first months of uncertainty, the debtor requested a loan. In 2019, already established as self-employed and the business billing modestly, he decided to expand his niche market also offering logistics services.For this reason, he applied for some more loans in order to cover some incidental expenses.Unfortunately, after the COVID-19 pandemic, he stopped performing his functions as a logistics operator and, consequently, he lost the income he As a result of the foregoing, he was forced to stop assuming the loans previously contracted to meet his most basic and essential expenses”. Now, thanks to Repara tu Deuda Abogados and the Second Chance Law, you can start again new without debts, after issuing the Mercantile Court No. 17 of Madrid the Benefit of Exoneration of Unsatisfied Liabilities (BEPI). Repair your Debt Abogados launched its legal activity in 2015, the same year that the law came into force in Spain. Since then, it has managed to cancel the debt of individuals and the self-employed to currently exceed the figure of 160 million euros, which makes it a benchmark in this field. The law firm fights so that everyone with debt problems can access the Second Chance Law, adapting to the client’s circumstances. “Many are afraid to start the paperwork because they believe that the process is going to be more complicated than it finally turns out. Others, directly, do not do it because they are unaware of the existence of this mechanism or because of the high fees that some lawyers request from them,” they affirm. “We -they add- start from the basis that they are ruined people and we try to offer them payment facilities, aware that they are going through a very difficult time and that it is not positive to leave anyone without a second chance”. The profile of those who people who use this tool is very varied: parents who endorsed their children to buy a flat, small businessmen who set up a business or carried out investments that had negative results, people who are unemployed or living in difficult circumstances employment, individuals who have been victims of some type of deception, etc. Among the requirements to be eligible for the Second Chance Law are to be a debtor in good faith, without hiding assets or income, not exceeding 5 million euros as an amount due and not having been convicted in the previous ten years for socioeconomic crimes. Other people can alternatively cancel credit cards, revolving cards, mini-loans, loans and mortgages through the analysis of the contracts signed with banks and financial institutions to check if there is any type of abusive clause. Issuer: Repara tu Deuda Abogados
ContactContact name: David GuerreroContact telephone number: 655956735
