Barcelona, June 12, 2023.
The exonerated went into debt to help her parents continue their business activity
Repair your Debt Abogados, the leading law firm in Spain in the application of the Second Chance Law, has achieved a debt cancellation in Barcelona (Catalonia). Through the management of Repara tu Deuda Abogados, the Mercantile Court No. 03 of Barcelona (Catalonia) has issued the benefit of exemption from unsatisfied liabilities in the case of a woman who had accumulated a debt of 76,000 euros that she could not meet . SEE JUDGMENTIn his case, as the lawyers of Repair your Debt explain, “his state of insolvency originated when he requested financing so that his parents could continue with their business activity. And, as of 2008, the business suffered Initially, she had no problems paying the installments. However, after being without work for a while, she did not achieve the desired job stability and her ability to repay loans was greatly reduced.” new life free of debts after having received the order from the judge by which she is exonerated from 100% of the pending payments. Individuals and the self-employed who take advantage of the Second Chance Law verify the benefits of being released. In fact, they leave the delinquency lists that do them so much damage. In addition, they stop receiving calls from banks and financial institutions that cause anguish in people in a situation of insolvency. On the other hand, they can also start registering assets in her name. Repair your Debt Abogados has helped, since it was created in September 2015, people who lived in despair and did not know where to request help. Until now, there have been more than 20,000 individuals and freelancers who have relied on the firm’s services to end their debts and start from scratch. The law firm has managed to reach the figure of 150 million euros exonerated to its clients, who come from the different autonomous communities of Spain. The forecast is that this figure will continue to increase, taking into account the number of cases in progress and the high number of queries that are being dealt with. In addition, after the reform of the legislation, bankruptcies are being settled in a shorter time, which is why procedures are being streamlined. This legislation allows individuals and the self-employed to be exonerated from their debts as long as they meet a series of requirements. In summary, the person in a state of insolvency or close to it cannot have committed any socioeconomic crime in the last ten years, their debt must not exceed 5 million euros and they cannot have been convicted of socioeconomic crimes in the last ten years. For people who cannot take advantage of this mechanism, the office also offers them the study of the signed contracts with the aim of reviewing if there are possible unfair terms. This allows the cancellation of credit cards, revolving cards, mini-credits, loans and mortgages.Repara tu Deuda Abogados has an app for Android and IOS devices, named MyRepara, which reduces the costs of the procedure, exhaustive control and meetings with lawyers through video calls.
Contact Contact name: David Guerrero Contact description: David Guerrero Contact telephone number: 655956735
