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The law firm manages to exceed the figure of 110 million euros exonerated through the Second Chance Law

Repair your Debt Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a debt cancellation in Los Barrios (Cádiz). Through the management of Repara tu Deuda Abogados, the Court of First Instance No. 2 of Algeciras (Cádiz) has issued a benefit of exoneration of the unsatisfied liability in the case of a person from Los Barrios (Cádiz) with a debt of 49,500 euros to whom could cope. SEE JUDGMENT As the lawyers from Repair your Debt explain, his case is as follows: “his partner lost his job. For this reason, he began to take out loans to get out of the situation he was in. However, the only thing he managed was to reach an over-indebtedness from which he could not get out. For this reason, he had no choice but to resort to the Second Chance Law”. As pointed out by Repara tu Deuda, “Spain incorporated the Second Chance Law into its legal system in 2015. Originating in the United States, a country in which it has been in force for more than 100 years, many individuals and freelancers have taken advantage of it. who are looking for a solution to their problems. The spirit of this legislation is to offer a second chance to those people who have suffered some type of economic setback and who cannot assume a series of debts. In this way, social stigma is rejected who live despite not having committed any wrongdoing and can thus reactivate themselves in economic life”. Repara tu Deuda Abogados has been dedicated to the application of the Second Chance Law since its inception in September 2015. The high degree of specialization in the application of this legislation has led it to become the undisputed leader in the debt cancellation market for individuals and the self-employed, having managed to exceed the figure of 110 million euros exonerated. The law firm has a total of 20,000 clients, from all the autonomous communities of Spain, who have placed their history of over-indebtedness in their hands. The forecast is that this figure will continue to increase as a result of the success stories that are taking place, the greater degree of awareness of this law and the difficult economic situation. For individuals and the self-employed to be able to take advantage of this second chance mechanism, it is necessary meet a series of requirements: the amount of the debt cannot exceed 5 million euros, the judge must consider that they have acted in good faith and have not been convicted of socioeconomic crimes in the last ten years.

Contact Contact name: David Guerrero Contact description: David Guerrero Contact telephone number: 655956735