Madrid, April 26, 2023.
He opened a business that he had to close when he did not get the desired results and, with a job for someone else, he was unable to pay his debt
Repair your Debt Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a debt cancellation in Paracuellos de Jarama (Madrid). Through the management of Repara tu Deuda Abogados, the Court of First Instance No. 4 of Torrejón de Ardoz (Madrid) has issued the benefit of exoneration of the unsatisfied liability in the case of a man who had accumulated a debt of 18,400 euros to which he could not face. SEE JUDGMENT As the lawyers from Repara tu Debt explain, his case is as follows: “his state of insolvency originated when he requested financing to undertake a business adventure, opening his own business. Unfortunately, the results obtained were very different from the forecasts and He had no choice but to close the premises and change the course of his life. The debtor started a new job. However, the salary was variable, affecting the ability to repay the loans, relegating him behind ordinary and recurring expenses of each month”. According to Repara tu Deuda, “Spain incorporated the Second Chance Law into its legal system in 2015. It is a legislation, born in the United States, where it has been in force for more than 100 years. Relevant figures have accepted it like Walt Disney or Steve Jobs. His spirit is to offer a second chance to anyone in a state of over-indebtedness. The objective is that they do not have to live drowned by payments that they will not be able to assume in their entire lives and also eliminate the stigma suffered by those who have lived economic setbacks”.Repara tu Deuda Abogados was created in September 2015, which makes it a pioneer in the processing of this legislation. Since then, he has been able to help many people desperate for their debts. Its degree of specialization in the application of this legislation has led it to become a leader in this market, having exceeded the figure of 135 million euros exonerated to its clients. The law firm has more than 20,000 clients, from all points of Spain. The forecast is that this figure will continue to increase as this law becomes more widely known and, also, as a consequence of the difficult economic situation. The lawyers at Repair Your Debt adapt to the economic circumstances of each person. Its objective is that no person with debt problems is left without a second chance to start again with more strength. This legislation allows the exoneration of the debt of individuals and the self-employed as long as it is previously demonstrated that the debtor has acted in good faith or that the amount owed does not exceed 5 million euros. Those who cannot take advantage of this legislation are also offered the possibility of canceling credit cards, revolving cards, mini-credits, loans and mortgages.
Contact Contact name: David Guerrero Contact description: David Guerrero Contact telephone number: 655956735
