Lanzarote, March 29, 2023.
The debtor was drowned by the loans she had requested for her son’s studies and the repair of a vehicle
Repair your Debt Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a new debt cancellation in the Canary Islands. Through the management of Repara tu Deuda Abogados, the Court of First Instance No. 5 of Arrecife (Las Palmas) has issued a benefit of exoneration of the unsatisfied liability (Bepi) in the case of a woman from San Bartolomé, Lanzarote, who had accumulated a debt of 30,478 euros that he could not afford. SEE JUDGMENT As the lawyers from Repair Your Debt explain, “the debtor had an old vehicle. It broke down and she bought a new one. Later, she suffered a very serious breakdown and was forced to request a loan. In addition, her son went to study abroad, so he needed to request several more loans. There came a time when he could not meet all the payments. After finding himself in a situation of over-indebtedness, he decided to start the process to take advantage of the Second Chance Law. Now that’s it You have your cancellation and you can start a life free of debts”. Provided for the cancellation of the debt of both individuals and the self-employed with a view to not burdening their entire lives with payments that they cannot make, thus complying with the Recommendation made in 2014 by the European Commission. Recently there has been a reform of the law to expedite procedures and obtain exoneration of debts in less time.” Despite having been approved a little over seven years ago, some people are unaware of the existence of this legal mechanism. Others are not. they start the process because they mistakenly believe that it will be more complicated than it really is.A third group does not carry it out because they go to lawyers who ask them for fees that are well above their means.Repara tu Deuda Abogados has Since its inception in September 2015, it has helped many individuals and freelancers who were desperate due to the over-indebtedness loop they were immersed in. This means the cancellation of more than 130 million euros of debt to people from the different autonomous communities of Spain.In addition, among the work carried out by the firm, there is also the cancellation of credit cards, revolving cards, mini-credits, loans and mortgages.The second chance mechanism protects individuals and the self-employed by allowing them to be exonerated from their debts as long as they meet a number of prerequisites. In summary, it is essential that the amount of the debt does not exceed 5 million euros, that the bankrupt has not been convicted of socioeconomic crimes (such as robbery or fraud) in the ten years prior to the process or that he is considered a debtor in good faith.
Contact Contact name: David Guerrero Contact description: David Guerrero Contact telephone number: 655956735
